How To Fix M7411 - Book value refers to first count

SAP Error Message - Details

• Message type: E = Error

• Message class: M7 - Inventory Management and Physical Inventory

• Message number: 411

• Message text: Book value refers to first count

What causes this issue?

You changed the value counted for an item.

System Response

The entry is allowed, but note that the book value relevant for the
count is that entered at the time of the first count; that is, even if
the book value has now changed on account of a goods movement, this
makes no difference to the count (since the count - at sales price
value - is recorded at a particular point in time).

How to fix this error?

Only change the value you entered during the first count to correct
typing errors (if you types in the wrong figure). If you counted the
value of the stock again after making the first count, do not change
the count. Instead enter a re-count.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message M7411 - Book value refers to first count ?

  The SAP error message M7411 ("Book value refers to first count") typically occurs in the context of inventory management and valuation. This error indicates that there is a discrepancy between the book value of an inventory item and the actual physical count recorded in the system. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  Inventory Count Discrepancy: The book value of the inventory item does not match the physical count recorded in the system. This can happen if there are unprocessed inventory counts or if the inventory was not updated correctly after a stock count.
  Incorrect Valuation: The valuation method used for the inventory item may not align with the actual stock levels, leading to inconsistencies.
  Posting Errors: There may have been errors during posting transactions related to inventory, such as goods receipts or goods issues, which can lead to discrepancies in the book value.
  
  Solution:
  
  Perform a Stock Count: Conduct a physical inventory count to verify the actual stock levels. Ensure that the count is accurately recorded in the system.
  Reconcile Inventory: Use transaction codes like MI01 (Create Physical Inventory Document), MI04 (Enter Inventory Count), and MI07 (Clear Inventory Differences) to reconcile the physical count with the book value.
  Check Valuation Methods: Review the valuation method assigned to the material in the material master record. Ensure that it is appropriate for the type of inventory and that it aligns with the actual stock levels.
  Review Posting Documents: Check the relevant posting documents for any discrepancies or errors. Use transaction codes like MB51 (Material Document List) to analyze the postings related to the material.
  Consult with Finance: If the issue persists, consult with the finance team to ensure that there are no underlying issues with the financial postings related to inventory.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as MB1A, MB1B, MB1C, and MIGO for various inventory movements and adjustments.
  Material Master: Review the material master data for the affected item to ensure that all settings (valuation class, price control, etc.) are correct.
  Inventory Management Configuration: Ensure that the configuration settings in the Inventory Management module are correctly set up to avoid future discrepancies.
  Documentation: Refer to SAP documentation or help files for detailed guidance on inventory management processes and error handling.
  
  By following these steps, you should be able to resolve the M7411 error and ensure that your inventory records are accurate and up to date.