How To Fix RECEPR121 - Closing balance of leasing liability &1 &2 after reduction &3 &2)

SAP Error Message - Details

• Message type: E = Error

• Message class: RECEPR - Messages for Contract Valuation

• Message number: 121

• Message text: Closing balance of leasing liability &1 &2 after reduction &3 &2)

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message RECEPR121 - Closing balance of leasing liability &1 &2 after reduction &3 &2) ?

  The SAP error message RECEPR121 typically relates to issues with the closing balance of a leasing liability in the context of lease accounting. This error can occur during the processing of lease transactions, particularly when there are discrepancies in the expected and actual balances of leasing liabilities.
  Cause:
  
  Data Inconsistency: The error may arise due to inconsistencies in the data related to the leasing liability, such as incorrect postings or missing entries.
  Incorrect Configuration: Configuration settings in the SAP system related to leasing or financial accounting may not be set up correctly.
  Reduction Amount Issues: The reduction amount specified in the transaction may not align with the expected values, leading to discrepancies in the closing balance.
  Posting Period Issues: The posting period may be closed or not open for the transactions being processed, causing issues with balance calculations.
  
  Solution:
  
  Check Data Entries: Review the entries related to the leasing liability to ensure that all postings are correct and complete. Look for any missing or incorrect entries that could affect the balance.
  Review Configuration: Verify the configuration settings in the SAP system for lease accounting. Ensure that all relevant settings are correctly defined according to your organization's accounting policies.
  Validate Reduction Amount: Ensure that the reduction amount specified in the transaction is accurate and corresponds to the expected values. If necessary, adjust the reduction amount to match the expected balance.
  Open Posting Period: Check the posting periods in the system to ensure that the relevant periods are open for posting. If the period is closed, you may need to reopen it or make adjustments in an open period.
  Run Consistency Checks: Use SAP tools to run consistency checks on the leasing data to identify any discrepancies or issues that need to be resolved.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling this error message, as it may provide additional insights or troubleshooting steps.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error message or provide patches and updates.
  Transaction Codes: Familiarize yourself with relevant transaction codes (e.g., RECN for lease contracts) that may help in reviewing and correcting lease-related data.
  User Forums: Engage with SAP user forums or communities where similar issues may have been discussed, and solutions shared by other users.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a professional with expertise in SAP lease accounting for further assistance.