How To Fix FR079 - Valuation for account &1 could not be reset; check

FR079 - Overview

• Message type: E = Error

• Message class: FR - Messages for FI Reporting

• Message number: 079

• Message text: Valuation for account &1 could not be reset; check

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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FR079 - Details

• The SAP error message FR079 indicates that there is an issue with the valuation for a specific account in the financial module. This error typically arises during processes such as asset accounting, where the system is unable to reset the valuation for a specified account due to various reasons.
  
  Cause:
  
  Locked Valuation: The account may be locked for valuation due to ongoing transactions or processes.
  Incorrect Configuration: There may be incorrect settings in the configuration of the asset accounting or valuation areas.
  Missing Data: Required data for the valuation process might be missing or incomplete.
  Posting Period Issues: The posting period may be closed, preventing any changes to the valuation.
  Authorization Issues: The user may not have the necessary authorizations to perform the reset.
  
  
  Solution:
  
  Check Account Status: Verify if the account is locked or if there are any ongoing transactions that might be preventing the reset.
  Review Configuration: Ensure that the configuration settings for asset accounting and valuation