How To Fix M8478 - Price too high (tolerance limit of & & exceeded)

SAP Error Message - Details

• Message type: E = Error

• Message class: M8 - Invoice Verification/Valuation

• Message number: 478

• Message text: Price too high (tolerance limit of & & exceeded)

What causes this issue?

The price (value of the credit memo divided by the quantity) varies too
greatly from the net order price.
INCLUDE MM_IV_MELDUNGEN OBJECT DOKU ID TX

System Response

The system has found that the value of the credit memo exceeds the
expected value (credit memo quantity x net order price) by more than
the tolerance for price variance set in Customizing (&V1& &V2&).

How to fix this error?

Check your entries are correct and make any necessary changes. If you
post the document in spite of the variance, the system makes the
posting and the relevant account movements. The document is not
blocked.
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Error message extract from SAP system. Copyright SAP SE.

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• What is the cause and solution for SAP error message M8478 - Price too high (tolerance limit of & & exceeded) ?

  The SAP error message M8478, which states "Price too high (tolerance limit of & & exceeded)," typically occurs during the processing of a purchase order or goods receipt when the price of a material exceeds the predefined tolerance limit set in the system. This can happen in various scenarios, such as when the price of a purchase order item is significantly higher than the expected price or the last purchase price.
  
  Cause:
  
  Price Variance: The price of the item being processed is higher than the allowed tolerance limit compared to the last purchase price or the price in the purchase order.
  Tolerance Limits: The system has defined tolerance limits for price variances, which can be set at the purchasing organization level or material level.
  Incorrect Pricing: The price entered in the purchase order or goods receipt may be incorrect or not updated.
  Contract or Info Record Issues: If there are existing contracts or info records