How To Fix RECEPR028 - Closing balance for leasing liability &1 &2 before new valuation

RECEPR028 - Overview

• Message type: E = Error

• Message class: RECEPR - Messages for Contract Valuation

• Message number: 028

• Message text: Closing balance for leasing liability &1 &2 before new valuation

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message RECEPR028 - Closing balance for leasing liability &1 &2 before new valuation ?

  The SAP error message RECEPR028 indicates that there is an issue with the closing balance for a leasing liability before a new valuation is performed. This error typically arises in the context of lease accounting, particularly when using the SAP S/4HANA system with the Flexible Real Estate Management (RE-FX) module or the new leasing functionality introduced in IFRS 16.
  
  Cause:
  The error can occur due to several reasons, including:
  
  Incorrect Closing Balance: The closing balance for the leasing liability may not match the expected value based on the previous valuations or transactions.
  Missing Valuation: A new valuation has not been performed, which is necessary to update the leasing liability before closing the period.
  Data Inconsistencies: There may be inconsistencies in the data related to the lease contracts, such as incorrect postings or missing entries.
  
  Configuration Issues: There may be configuration issues in the leasing module that prevent the system from calculating the closing balance correctly.
  
  
  Solution:
  To resolve