How To Fix ID_FIAA_JP_TAX048 - Asset &1 has incorrect values

SAP Error Message - Details

• Message type: E = Error

• Message class: ID_FIAA_JP_TAX - Messages for Tax Report raidjp_tax

• Message number: 048

• Message text: Asset &1 has incorrect values

What causes this issue?

The values for this asset do not make sense. The APC is zero. The most
likely explanation is that the asset was acquired before the reporting
period, but is not contained in the report's results table.

System Response

The program continues processing. However, the data is incorrect.

How to fix this error?

Change the asset's data and postings, 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_TAX048 - Asset &1 has incorrect values ?

  The SAP error message ID_FIAA_JP_TAX048 typically indicates that there are incorrect values associated with an asset in the context of Japanese tax regulations. This error is often encountered in the Asset Accounting (FI-AA) module when dealing with tax-related configurations or transactions.
  Cause:
  The error can arise due to several reasons, including but not limited to:
  
  Incorrect Tax Code: The asset may be assigned a tax code that is not valid for the asset class or the transaction being processed.
  Missing Tax Information: Required tax information for the asset may be missing or incorrectly configured.
  Inconsistent Data: There may be inconsistencies in the asset master data, such as incorrect values in fields related to tax calculations.
  Configuration Issues: The configuration settings for tax calculation in the Asset Accounting module may not be set up correctly for Japanese tax regulations.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Asset Master Data:
  
  Go to the asset master record and verify that all required fields are filled out correctly, especially those related to tax information.
  Ensure that the tax code assigned to the asset is valid and appropriate for the asset class.
  
  
  
  Review Tax Configuration:
  
  Check the configuration settings for tax calculation in the Asset Accounting module. Ensure that the tax codes and rates are correctly defined according to Japanese tax regulations.
  Use transaction code OAYD to review the settings for tax calculation.
  
  
  
  Validate Tax Codes:
  
  Ensure that the tax codes used are active and correctly configured in the system. You can check this in the tax code configuration (transaction code OBYZ).
  
  
  
  Run Consistency Checks:
  
  Use transaction code ABAVN to run consistency checks on the asset to identify any discrepancies or missing information.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or notes related to Japanese tax regulations and asset accounting for any specific requirements or updates.
  
  
  
  Seek Help from SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance. They may provide specific notes or patches related to this error.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS01 (Create Asset), AS02 (Change Asset), and AS03 (Display Asset) for managing asset data.
  SAP Notes: Check for any SAP Notes that may address this specific error or provide additional guidance on handling tax-related issues in Asset Accounting.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to identify and correct the underlying issue causing the ID_FIAA_JP_TAX048 error.