How To Fix RECEPR089 - Difference between pres. val. and closing bal. for leasing liab. &1 &2

SAP Error Message - Details

• Message type: E = Error

• Message class: RECEPR - Messages for Contract Valuation

• Message number: 089

• Message text: Difference between pres. val. and closing bal. for leasing liab. &1 &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message RECEPR089 - Difference between pres. val. and closing bal. for leasing liab. &1 &2 ?

  The SAP error message RECEPR089 indicates that there is a discrepancy between the present value and the closing balance of a leasing liability. This typically occurs in the context of lease accounting, where the present value of future lease payments should match the recorded liability on the balance sheet.
  Cause:
  
  Data Entry Errors: Incorrect data entry during the lease setup or subsequent changes can lead to mismatches.
  Changes in Lease Terms: If the terms of the lease change (e.g., payment amounts, payment frequency), the present value calculation may not reflect these changes.
  Amortization Issues: Incorrect amortization schedules or calculations can lead to discrepancies.
  Currency Fluctuations: If the lease involves multiple currencies, fluctuations in exchange rates can affect the present value.
  Incorrect Configuration: Configuration settings in the SAP system related to leasing may not be set up correctly.
  
  Solution:
  
  Review Lease Data: Check the lease contract details in the system to ensure that all data is entered correctly, including payment amounts, payment frequency, and lease term.
  Recalculate Present Value: Use the appropriate transaction in SAP to recalculate the present value of the lease liability. This may involve running a report or transaction that updates the calculations based on the current lease terms.
  Check Amortization Schedule: Verify that the amortization schedule is correct and that it aligns with the lease terms. Adjust if necessary.
  Adjust for Currency: If applicable, ensure that currency conversions are correctly applied and that the present value reflects the correct currency rates.
  Consult Configuration Settings: Review the configuration settings in the SAP system related to leasing to ensure they are set up correctly. This may involve consulting with your SAP Basis or configuration team.
  Run Reports: Utilize SAP reports to identify any discrepancies in the lease accounting entries. Reports like the Lease Accounting report (transaction code: RECN) can help identify issues.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as RECN (Lease Accounting) and REA (Lease Administration).
  SAP Notes: Check for any SAP Notes related to leasing and the specific error message. SAP Notes often provide patches or additional guidance for known issues.
  Documentation: Review SAP documentation on lease accounting to understand the underlying processes and calculations involved.
  Support: If the issue persists, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  By following these steps, you should be able to identify and resolve the discrepancy indicated by the RECEPR089 error message.