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

SAP Error Message - Details

• 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 closing activities.
  
  
  Training and Documentation: Ensure that users are trained on the new reporting tools and understand how to navigate and utilize the advanced valuation features. SAP provides documentation and training materials that can help users adapt to the new functionalities.
  
  
  System Configuration: If necessary, review the system configuration to ensure that it aligns with the requirements for advanced valuation. This may involve checking settings in the Asset Accounting (FI-AA) module or other relevant areas.
  
  
  Consult SAP Notes: Check for any relevant SAP Notes that may provide additional guidance or fixes related to this error message. SAP Notes can offer insights into known issues and recommended actions.
  
  
  Engage with SAP Support: If the issue persists or if you need further assistance, consider reaching out to SAP Support for help. They can provide specific guidance based on your system configuration and version.
  
  
  Related Information:
  
  Advanced Valuation: This feature allows for more sophisticated financial reporting and asset valuation methods, which can include multiple valuation views and enhanced reporting capabilities.
  SAP S/4HANA: If your organization is using SAP S/4HANA, familiarize yourself with the new functionalities and reporting tools that come with this platform.
  Financial Closing Cockpit: If applicable, consider using the Financial Closing Cockpit, which is designed to streamline and manage the financial closing process in SAP.
  
  By following these steps and utilizing the new reporting tools, you should be able to resolve the FINS_FI_CLS023 error and continue with your financial closing activities effectively.