How To Fix M8832 - LIFO valuation not defined

SAP Error Message - Details

• Message type: E = Error

• Message class: M8 - Invoice Verification/Valuation

• Message number: 832

• Message text: LIFO valuation not defined

What causes this issue?

LIFO valuation has not been defined in the system settings.

System Response

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

How to fix this error?

Your system administrator has to activate balance sheet valuation
(valuation of stocks for balance sheet purposes) in Customizing.
<DS:TRAN.OMWE>Proceed</>

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message M8832 - LIFO valuation not defined ?

  The SAP error message M8832, which states "LIFO valuation not defined," typically occurs in the context of inventory management and valuation methods. This error indicates that the Last In, First Out (LIFO) valuation method has not been properly configured for the material in question.
  
  Cause:
  
  LIFO Valuation Not Configured: The most common cause of this error is that the LIFO valuation method has not been defined for the material in the material master record.
  Material Master Settings: The material may not have the appropriate valuation class or accounting settings that support LIFO.
  Valuation Area Settings: The valuation area (plant or company code) may not be set up to use LIFO valuation.
  Transaction Type: The transaction being executed may not be compatible with LIFO valuation.
  
  
  Solution:
  To resolve the M8832 error, you can follow these steps:
  
  
  Check Material Master Record:
  
  Go to the material master record (transaction code MM03).
  Check the accounting view and ensure that the valuation type is set