How To Fix FR348 - Company code &: Lower limit (tax) &

FR348 - Overview

• Message type: E = Error

• Message class: FR - Messages for FI Reporting

• Message number: 348

• Message text: Company code &: Lower limit (tax) &

What causes this issue?

A posting run for company code &V1& with a key date greater than &V3&
was already executed. The last posting run with the key date &V3& had
the value &V2& as a lower date limit (taxes).

System Response

Postings for prior key dates can only be executed with data from a
previously executed posting run.

How to fix this error?

Enter the lower date limit (taxes) equal to &V2&.

Error message extract from SAP system. Copyright SAP SE.

FR348 - Details

• The SAP error message FR348 typically indicates an issue related to tax limits in the context of a specific company code. This error can occur during various transactions, such as invoice processing or tax reporting, when the system detects that the tax amount does not meet the defined lower limit for the specified company code.
  
  Cause:
  
  Tax Configuration: The tax configuration for the company code may have a defined lower limit for tax amounts, and the transaction being processed does not meet this requirement.
  Incorrect Tax Code: The tax code used in the transaction may not be appropriate for the company code or may not have the correct settings.
  Data Entry Error: There may be a mistake in the data entry, such as an incorrect amount or missing information that leads to the tax amount being below the required limit.
  Changes in Tax Regulations: Changes in tax laws or regulations may have introduced new limits