M8871 - No LIFO method is specified in Customizing for layer version &

SAP Error Message - Details

• Message type: E = Error

• Message class: M8 - Invoice Verification/Valuation

• Message number: 871

• Message text: No LIFO method is specified in Customizing for layer version &

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message M8871 - No LIFO method is specified in Customizing for layer version & ?

  The SAP error message M8871 indicates that there is no Last In, First Out (LIFO) method specified in the Customizing settings for the specified layer version. This error typically arises in the context of inventory management and valuation methods, particularly when dealing with stock layers in SAP.
  Cause:
  The error occurs when:
  
  The system is trying to process inventory transactions that require a LIFO valuation method, but the necessary configuration for that method has not been set up in the system.
  The layer version specified in the error message does not have a LIFO method defined in the Customizing settings.
  
  Solution:
  To resolve this error, you need to ensure that the LIFO method is properly configured in the Customizing settings. Here are the steps to do that:
  
  
  Access Customizing:
  
  Go to the SAP Easy Access screen and enter the transaction code SPRO to access the SAP Reference IMG (Implementation Guide).
  
  
  
  Navigate to Inventory Valuation:
  
  Follow the path: Logistics > Materials Management > Valuation and Account Assignment > Material Valuation > Define Valuation Methods.
  
  
  
  Define LIFO Method:
  
  Check if the LIFO method is defined for the relevant layer version. If it is not defined, you will need to create or modify the settings to include the LIFO method.
  Ensure that the layer version you are working with is correctly set up to use the LIFO method.
  
  
  
  Assign LIFO Method:
  
  If necessary, assign the LIFO method to the appropriate material types or valuation areas as required.
  
  
  
  Save Changes:
  
  After making the necessary changes, save your configuration.
  
  
  
  Test the Configuration:
  
  After saving, perform a test transaction that previously resulted in the error to ensure that the issue has been resolved.
  
  
  
  Related Information:
  
  LIFO Method: LIFO (Last In, First Out) is an inventory valuation method where the most recently purchased items are considered sold first. This method can affect financial reporting and tax calculations.
  Layer Version: In SAP, a layer version refers to a specific configuration of stock layers that can be used for inventory valuation.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as MMBE (Stock Overview) and MB1A (Goods Withdrawal) to test inventory transactions.
  
  If the issue persists after following these steps, it may be necessary to consult with your SAP support team or refer to SAP documentation for further troubleshooting.