How To Fix RECEPR030 - Opening balance for leasing liability &1 &2 after new valuation

SAP Error Message - Details

• Message type: E = Error

• Message class: RECEPR - Messages for Contract Valuation

• Message number: 030

• Message text: Opening balance for leasing liability &1 &2 after new valuation

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message RECEPR030 - Opening balance for leasing liability &1 &2 after new valuation ?

  The SAP error message RECEPR030 typically relates to issues with the opening balance for leasing liabilities after a new valuation in the context of lease accounting. This error can occur in the SAP S/4HANA system, particularly when dealing with the new leasing standards (IFRS 16 or ASC 842).
  Cause:
  The error message RECEPR030 indicates that there is a discrepancy or issue with the opening balance of the leasing liability for a specific lease contract after a new valuation has been performed. Common causes include:
  
  Incorrect Valuation Parameters: The parameters used for the new valuation may not align with the expected values, leading to inconsistencies in the opening balance.
  Missing or Incorrect Data: Required data for the lease contract may be missing or incorrectly entered, such as payment schedules, interest rates, or lease terms.
  Configuration Issues: There may be configuration issues in the lease accounting settings that affect how the opening balance is calculated.
  Data Migration Issues: If the data was migrated from a previous system, there may be discrepancies in the opening balances due to incorrect mapping or data transfer errors.
  
  Solution:
  To resolve the RECEPR030 error, you can follow these steps:
  
  
  Check Lease Contract Data: Review the lease contract details to ensure that all necessary information is correctly entered, including payment terms, interest rates, and any other relevant parameters.
  
  
  Review Valuation Parameters: Ensure that the valuation parameters used for the new valuation are correct and align with the expected values. This includes checking the discount rates and any assumptions made during the valuation process.
  
  
  Run Consistency Checks: Use SAP's built-in tools to run consistency checks on the lease accounting data. This can help identify any discrepancies or missing information.
  
  
  Adjust Configuration Settings: If there are configuration issues, consult with your SAP configuration team to ensure that the lease accounting settings are correctly set up according to the applicable accounting standards.
  
  
  Reprocess the Valuation: After making the necessary corrections, reprocess the valuation for the lease contract to see if the error persists.
  
  
  Consult SAP Notes: Check the SAP Support Portal for any relevant SAP Notes that may address this specific error message or provide additional guidance.
  
  
  Seek Expert Assistance: If the issue persists, consider reaching out to SAP support or a consultant with expertise in SAP lease accounting for further assistance.
  
  
  Related Information:
  
  SAP Modules: This error is primarily related to the SAP Real Estate Management (RE) module and the Financial Accounting (FI) module.
  Leasing Standards: Familiarize yourself with the relevant leasing standards (IFRS 16 or ASC 842) as they dictate how leases should be accounted for and may impact the configuration and data requirements in SAP.
  Documentation: Review SAP documentation and user guides related to lease accounting for best practices and troubleshooting tips.
  
  By following these steps, you should be able to identify and resolve the underlying issues causing the RECEPR030 error in your SAP system.