How To Fix GCS116 - Imp.of intangible assets under development is greater than gross value

SAP Error Message - Details

• Message type: E = Error

• Message class: GCS - SAP Consolidation: Validations

• Message number: 116

• Message text: Imp.of intangible assets under development is greater than gross value

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message GCS116 - Imp.of intangible assets under development is greater than gross value ?

  The SAP error message GCS116 indicates that the amount of intangible assets under development exceeds the gross value of the intangible assets. This typically occurs during the posting of transactions related to intangible assets, such as capitalizing costs or transferring amounts from development to finished intangible assets.
  Cause:
  
  Incorrect Posting: The error often arises when there is an incorrect posting of costs related to intangible assets under development. This could be due to manual entry errors or incorrect configuration in the system.
  Data Inconsistency: There may be inconsistencies in the asset master data, such as incorrect values for the gross value of the intangible assets.
  Accumulated Costs: The accumulated costs for the intangible assets under development may have been incorrectly calculated or posted, leading to a situation where they exceed the gross value.
  
  Solution:
  
  Review Asset Master Data: Check the asset master data for the intangible asset in question. Ensure that the gross value is correctly defined and that it reflects the actual value of the asset.
  Check Transaction History: Review the transaction history for the intangible asset to identify any incorrect postings or adjustments that may have led to the discrepancy.
  Adjust Posting: If you find any incorrect postings, you may need to reverse or adjust them to ensure that the total costs do not exceed the gross value.
  Consult Configuration: If the issue persists, consult with your SAP configuration team to ensure that the settings for intangible assets are correctly configured in accordance with your organization's accounting policies.
  Use Transaction Codes: Utilize relevant transaction codes (e.g., AS02 for changing asset master data, or AB01 for posting asset transactions) to make necessary adjustments.
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. SAP frequently updates its knowledge base with solutions for common problems.
  Documentation: Refer to SAP documentation regarding asset accounting and the handling of intangible assets for more detailed guidance on proper procedures and configurations.
  User Forums: Engage with SAP user forums or communities where other users may have encountered similar issues and can provide insights or solutions.
  
  If the problem continues after following these steps, it may be beneficial to escalate the issue to your SAP support team or consult with an SAP expert for further assistance.