How To Fix ID_FIAA_JP_TAX048 - Asset &1 has incorrect values

ID_FIAA_JP_TAX048 - Overview

• 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.

ID_FIAA_JP_TAX048 - Details

• 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