How To Fix FR589 - &1/&2/&3: Valuation is during year; reversal is not possible

SAP Error Message - Details

• Message type: E = Error

• Message class: FR - Messages for FI Reporting

• Message number: 589

• Message text: &1/&2/&3: Valuation is during year; reversal is not possible

What causes this issue?

The valuation of document <ZH>&V1&</><ZH> / &V2& / &V3&</> was performed
as a valuation during the year. This makes the valuation reversal as a
year-end closing posting <ZH>impossible</>.

System Response

The reversal posting is not performed.

How to fix this error?

Execute the reversal as a valuation during the year.

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 FR589 - &1/&2/&3: Valuation is during year; reversal is not possible ?

  The SAP error message FR589 indicates that there is an issue with the valuation of an asset during the fiscal year. Specifically, it means that a reversal of a transaction is not possible because the valuation is still active for that year. This typically occurs in the context of asset accounting when trying to reverse a transaction that has already been posted.
  Cause:
  
  Active Valuation: The error usually arises when there are ongoing valuations for the asset in question. If the asset has been revalued or depreciated in the current fiscal year, reversing a transaction related to that asset may not be allowed.
  Period Locking: The fiscal period may be locked for posting, preventing any reversals from being processed.
  Transaction Type: The type of transaction being reversed may not be eligible for reversal under the current accounting rules or settings.
  
  Solution:
  
  Check Valuation Status: Review the asset's valuation status to ensure that there are no ongoing valuations that would prevent the reversal. You can do this by checking the asset master data and any related transactions.
  Unlock Period: If the fiscal period is locked, you may need to unlock it temporarily to allow for the reversal. This should be done with caution and in accordance with your organization's policies.
  Manual Adjustment: If a reversal is not possible, consider making a manual adjustment to correct the accounting entries instead of reversing the original transaction.
  Consult Documentation: Review SAP documentation or consult with your SAP support team for specific guidance on handling this error in your system configuration.
  Transaction Type Review: Ensure that the transaction type you are trying to reverse is indeed eligible for reversal. Some transactions may require different handling.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS02 (Change Asset), AS03 (Display Asset), and others that may help in reviewing asset transactions.
  SAP Notes: Check for any SAP Notes related to this error message for additional insights or patches that may address the issue.
  User Authorization: Ensure that you have the necessary authorizations to perform reversals or adjustments in asset accounting.
  
  If the issue persists after trying the above solutions, it may be beneficial to engage with your SAP support team or a consultant who specializes in SAP Asset Accounting for further assistance.