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

SAP Error Message - Details

• 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 the RECEPR028 error, you can take the following steps:
  
  
  Perform New Valuation: Ensure that a new valuation is performed for the leasing liability. This can typically be done through the transaction code related to lease accounting (e.g., RECN for contract management).
  
  
  Check Closing Balance: Review the closing balance for the leasing liability. You can do this by checking the relevant reports or transaction codes that display the leasing liabilities and their balances.
  
  
  Review Lease Contracts: Verify that all lease contracts are correctly set up and that there are no missing or incorrect entries. Ensure that all relevant transactions have been posted correctly.
  
  
  Run Consistency Checks: Use any available tools or reports in SAP to check for data consistency and integrity related to lease accounting.
  
  
  Consult Documentation: Refer to SAP documentation or notes related to the specific version of the software you are using. There may be specific notes or patches that address this error.
  
  
  Contact SAP Support: If the issue persists after performing the above steps, consider reaching out to SAP support for further assistance. They may provide additional insights or solutions based on the specific configuration and version of your SAP system.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as RECN (for contract management), REIS (for investment management), and others related to lease accounting.
  SAP Notes: Check for any SAP Notes that may address this specific error or provide guidance on lease accounting issues.
  Training and Documentation: Ensure that users involved in lease accounting are trained on the processes and understand how to manage lease liabilities effectively.
  
  By following these steps, you should be able to identify the cause of the RECEPR028 error and implement a solution to resolve it.