How To Fix ID_FIAA_JP_TAX034 - Asset &1 man. posting from &2 results in &3, which is under cut-off value

SAP Error Message - Details

• Message type: E = Error

• Message class: ID_FIAA_JP_TAX - Messages for Tax Report raidjp_tax

• Message number: 034

• Message text: Asset &1 man. posting from &2 results in &3, which is under cut-off value

What causes this issue?

When the values for the tax book value or tax evaluation amount were
calculated, they fell below the threshold value of 5% of the
acquisition value after a manual posting.

System Response

When the system takes the manual postings into account, it changes the
values from the previous year accordingly.
The program also considers any other postings and calculates the the
rest of the values for the asset. If the values (the tax book amount or
the tax evaluation amount) are still below the threshhold, the system
sets them to 5% of the acquisition costs.

How to fix this error?

Check whether the value of the manual posting is correct. If not,
change it and run the program again.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message ID_FIAA_JP_TAX034 - Asset &1 man. posting from &2 results in &3, which is under cut-off value ?

  The SAP error message ID_FIAA_JP_TAX034 typically relates to asset accounting in the context of Japanese tax regulations. This error indicates that a manual posting for an asset is resulting in a value that is below a specified cut-off threshold, which is not allowed according to the configuration or business rules set in the system.
  Cause:
  
  Cut-off Value Configuration: The cut-off value for asset postings may be configured in the system, and the amount being posted is lower than this threshold.
  Manual Posting Error: The user may have entered an incorrect amount during the manual posting process.
  Tax Regulations: The error may arise due to compliance with local tax regulations that require certain minimum amounts for asset postings.
  
  Solution:
  
  Check Cut-off Value: Review the configuration settings for the cut-off value in the asset accounting module. This can typically be found in the configuration settings under Asset Accounting (FI-AA).
  Adjust Posting Amount: If the amount being posted is indeed valid but below the cut-off, consider adjusting the posting amount to meet the minimum requirement.
  Review Business Rules: Ensure that the business rules regarding asset postings are well understood and that the user is aware of the minimum thresholds.
  Consult Documentation: Refer to SAP documentation or consult with your SAP support team to understand the specific configuration related to this error message.
  User Training: Provide training to users on how to properly enter manual postings and the implications of cut-off values.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error message or provide additional guidance.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP for asset accounting, such as AS01 (Create Asset), AS02 (Change Asset), and AS03 (Display Asset).
  Local Tax Compliance: Ensure that your organization is compliant with local tax laws and regulations, as these can impact how asset postings are handled in SAP.
  
  If the issue persists after checking these areas, it may be beneficial to engage with SAP support or a consultant who specializes in SAP Asset Accounting for further assistance.