How To Fix RECEPR031 - Opening balance for asset &1 &2 after new valuation

SAP Error Message - Details

• Message type: E = Error

• Message class: RECEPR - Messages for Contract Valuation

• Message number: 031

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

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message RECEPR031 - Opening balance for asset &1 &2 after new valuation ?

  The SAP error message RECEPR031 typically occurs in the context of asset accounting when there is an issue with the opening balance of an asset after a new valuation has been performed. This error can arise due to various reasons, and understanding the cause and potential solutions is essential for resolving it.
  Cause:
  
  Inconsistent Data: The opening balance for the asset may not be consistent with the new valuation data. This can happen if there are discrepancies in the asset master data or if the valuation method has changed.
  Missing or Incorrect Valuation: If the asset has not been properly valued or if the valuation method does not align with the asset's characteristics, this error can occur.
  Posting Period Issues: The posting period for the new valuation may not be open, or there may be restrictions on posting to that period.
  Configuration Issues: Incorrect configuration in the asset accounting settings, such as the valuation area or depreciation areas, can lead to this error.
  
  Solution:
  
  Check Asset Master Data: Review the asset master data for the asset in question. Ensure that all relevant fields are correctly filled out and that the valuation method is appropriate.
  Review Valuation Method: Ensure that the valuation method used for the asset is correctly configured and that it aligns with the asset's characteristics.
  Open Posting Period: Verify that the posting period for the new valuation is open. If it is closed, you may need to open it or adjust the valuation accordingly.
  Re-evaluate the Asset: If necessary, perform a re-evaluation of the asset to ensure that the opening balance is correctly calculated based on the new valuation.
  Consult Configuration Settings: Check the configuration settings in the Asset Accounting module to ensure that they are set up correctly for the asset in question.
  Run Reports: Use SAP reports related to asset accounting to identify any discrepancies or issues with the asset's valuation and balances.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS02 (Change Asset), AS03 (Display Asset), and AW01N (Asset Explorer) to help diagnose and resolve the issue.
  SAP Notes: Check for any SAP Notes related to the error message or the specific asset accounting processes you are using. SAP Notes often provide patches or additional guidance for known issues.
  Documentation: Review SAP documentation on asset accounting and valuation methods to ensure compliance with best practices.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a consultant who specializes in asset accounting for further assistance.