How To Fix FINS_FI_CLS023 - Advanced valuation active; you can no longer use the old report

FINS_FI_CLS023 - Overview

• Message type: E = Error

• Message class: FINS_FI_CLS - Messages used for the impairments and FXs

• Message number: 023

• Message text: Advanced valuation active; you can no longer use the old report

What causes this issue?

You tried to execute a closing report that is no longer supported. You
have activated the new closing processes. That is why you can no longer
run the old reports.

System Response

The system does not execute the report.

How to fix this error?

Use the new closing processes.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_FI_CLS023 - Advanced valuation active; you can no longer use the old report ?

  The SAP error message FINS_FI_CLS023 indicates that the advanced valuation functionality is active in your SAP system, and as a result, you can no longer use the old report for financial closing processes. This message typically arises in the context of financial closing activities, particularly when dealing with asset accounting or financial reporting.
  
  Cause:
  The error occurs because the system has been configured to use the advanced valuation features, which are part of the newer functionalities introduced in SAP S/4HANA or other recent versions of SAP. The old reports and processes are no longer compatible with the advanced valuation methods, which may include new calculations, data structures, or reporting formats.
  
  Solution:
  To resolve this error, you should take the following steps:
  
  
  Use the New Report: Transition to using the new reports that are compatible with advanced valuation. Check the SAP documentation or your organization's guidelines for the appropriate new report to use for your financial