How To Fix RECEPR029 - Closing balance for asset &1 &2 before new valuation

SAP Error Message - Details

• Message type: E = Error

• Message class: RECEPR - Messages for Contract Valuation

• Message number: 029

• Message text: Closing balance for asset &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 RECEPR029 - Closing balance for asset &1 &2 before new valuation ?

  The SAP error message RECEPR029 indicates that there is an issue with the closing balance of an asset before a new valuation is performed. This error typically arises in the context of Asset Accounting (FI-AA) when trying to execute a transaction that requires a valuation of an asset, but the system detects that the closing balance is not in the expected state.
  Cause:
  The error can occur due to several reasons, including:
  
  Incorrect Asset Data: The asset master data may have inconsistencies or errors that prevent proper valuation.
  Unposted Transactions: There may be unposted transactions related to the asset that need to be addressed before a new valuation can be performed.
  Valuation Areas: The valuation area settings may not be correctly configured, leading to discrepancies in the asset's closing balance.
  Depreciation Issues: There may be issues with the depreciation calculation or postings that have not been completed.
  Period Closing: The period for which the valuation is being attempted may not be open for posting, or the asset may be in a closed fiscal year.
  
  Solution:
  To resolve the RECEPR029 error, you can take the following steps:
  
  
  Check Asset Master Data: Review the asset master data for any inconsistencies or missing information. Ensure that all required fields are filled out correctly.
  
  
  Review Transactions: Check for any unposted or erroneous transactions related to the asset. Ensure that all transactions are posted correctly.
  
  
  Validate Valuation Areas: Ensure that the valuation areas are correctly configured in the system. Check the settings in the Asset Accounting configuration.
  
  
  Depreciation Run: If applicable, run the depreciation calculation for the asset to ensure that all depreciation has been posted correctly.
  
  
  Open Posting Period: Verify that the posting period for the valuation is open. If the period is closed, you may need to open it or adjust your valuation date.
  
  
  Consult Documentation: Refer to SAP documentation or notes related to Asset Accounting for any specific guidance on handling this error.
  
  
  SAP Support: If the issue persists, consider reaching out to SAP support for further assistance, providing them with the error details and any relevant transaction logs.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS02 (Change Asset), AS03 (Display Asset), and AFAB (Run Depreciation).
  SAP Notes: Check for any SAP Notes that may address this specific error or provide additional troubleshooting steps.
  Configuration Settings: Review the configuration settings in the Asset Accounting module to ensure they align with your organization's accounting policies.
  
  By following these steps, you should be able to identify and resolve the underlying issue causing the RECEPR029 error in SAP.