How To Fix WZRE_IV266 - Item &1: net value plus tax do not equal gross value

SAP Error Message - Details

• Message type: E = Error

• Message class: WZRE_IV - Clearing Workbench

• Message number: 266

• Message text: Item &1: net value plus tax do not equal gross value

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message WZRE_IV266 - Item &1: net value plus tax do not equal gross value ?

  Certainly! Here's a detailed explanation for the SAP error message:
  
  SAP Error Message:
  WZRE_IV266 Item &1: net value plus tax do not equal gross value
  
  Cause:
  This error occurs during invoice verification or posting when the system detects that the sum of the net value plus the tax amount does not equal the gross value for a particular invoice item. In other words, the calculation:
  Net Value + Tax Amount ? Gross Value
  This discrepancy can arise due to:
  
  Rounding differences between net, tax, and gross amounts.
  Incorrect tax codes or tax rates assigned to the invoice item.
  Manual entry errors in the invoice amounts.
  Currency conversion differences if multiple currencies are involved.
  Inconsistent or incorrect tax calculation procedure settings.
  
  
  Explanation:
  SAP expects the gross value (total amount including tax) to be exactly the sum of the net value (amount before tax) plus the tax amount. If this is not the case, the system flags the inconsistency to prevent incorrect postings that could affect financial reporting and tax calculations.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check the Invoice Item Values:
  
  Verify the net value, tax amount, and gross value entered for the item.
  Ensure that the gross value equals net value + tax amount.
  
  
  
  Review Tax Code and Tax Rate:
  
  Confirm that the correct tax code is assigned.
  Check if the tax rate associated with the tax code is correct and active.
  
  
  
  Adjust Rounding Settings:
  
  Sometimes rounding differences cause this error.
  Check the rounding rules in the tax procedure and currency settings.
  Adjust the amounts slightly if necessary to align with rounding rules.
  
  
  
  Recalculate Tax:
  
  Use the "Recalculate" function in the invoice verification screen to let SAP recalculate tax and gross amounts.
  
  
  
  Currency and Exchange Rate:
  
  If multiple currencies are involved, verify the exchange rates.
  Ensure that currency conversion is consistent and correctly applied.
  
  
  
  Check Customizing Settings:
  
  Review tax procedure configuration (transaction OBYZ).
  Check if the tax calculation procedure is correctly maintained.
  
  
  
  Manual Correction:
  
  If allowed, manually adjust the gross value or tax amount to match the sum.
  Ensure that the adjustment complies with company policies and tax regulations.
  
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  MIRO – Invoice Verification
  MIR7 – Park Invoice
  OBYZ – Maintain Tax Procedure
  F-02 – General Ledger Posting (for manual checks)
  
  
  
  Notes and SAP Help:
  
  SAP Note 0000000 (replace with actual note number if available) may provide specific guidance.
  SAP Help Portal: Search for "Invoice Verification Tax Calculation" or "WZRE_IV266".
  
  
  
  Common Scenarios:
  
  This error is common when invoices are manually entered or when tax codes are changed.
  Also occurs when vendor invoices have discounts or surcharges affecting net/gross values.
  
  
  
  
  Summary:
  The error WZRE_IV266 indicates a mismatch between net + tax and gross values for an invoice item. The solution involves verifying and correcting the amounts, tax codes, rounding, and currency settings to ensure consistency and compliance with tax calculation rules.
  
  If you provide the specific transaction or scenario where this error occurs, I can help with more tailored troubleshooting steps.