How To Fix FR507 - Valuation of account &1 reset by document &2/&3/&4

SAP Error Message - Details

• Message type: E = Error

• Message class: FR - Messages for FI Reporting

• Message number: 507

• Message text: Valuation of account &1 reset by document &2/&3/&4

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FR507 - Valuation of account &1 reset by document &2/&3/&4 ?

  The SAP error message FR507 indicates that the valuation of a specific account has been reset by a document. This typically occurs in the context of financial accounting and can be related to various scenarios, such as adjustments in asset accounting or changes in valuation methods.
  Cause:
  The error message FR507 is triggered when:
  
  A document (like a journal entry) has been posted that affects the valuation of an asset or a financial account.
  The system detects that the valuation for the specified account has been reset due to this document.
  This can happen if there are inconsistencies in the valuation data or if a reversal or adjustment document has been posted that impacts the account.
  
  Solution:
  To resolve the FR507 error, you can take the following steps:
  
  
  Check the Document: Review the document mentioned in the error message (document number &2, company code &3, fiscal year &4) to understand what changes were made that could have led to the reset of the valuation.
  
  
  Analyze Account Settings: Ensure that the account settings for the affected account (&1) are correct. Check if the account is set up for valuation and if the valuation method is appropriate.
  
  
  Review Valuation Methods: If the account is related to asset accounting, verify the valuation methods used. Ensure that they are consistent with the accounting principles and practices of your organization.
  
  
  Repost or Adjust Documents: If necessary, you may need to reverse or adjust the document that caused the valuation reset. This may involve creating a new document to correct the valuation.
  
  
  Consult SAP Notes: Check the SAP Support Portal for any relevant notes or updates regarding this error message. There may be specific patches or updates that address known issues related to FR507.
  
  
  Contact SAP Support: If the issue persists and you cannot identify the cause, consider reaching out to SAP Support for further assistance. Provide them with the details of the error message and the context in which it occurred.
  
  
  Related Information:
  
  Transaction Codes: You may want to use transaction codes like FB03 (Display Document) to view the document details or AS03 (Display Asset) to check asset-related information.
  Configuration Settings: Review the configuration settings in the Financial Accounting (FI) module, particularly those related to asset accounting and account determination.
  Documentation: Refer to SAP documentation or user manuals for detailed explanations of valuation processes and error handling in financial accounting.
  
  By following these steps, you should be able to diagnose and resolve the FR507 error effectively.