How To Fix RECEPR124 - Diff. between new pres. value and leasing liability closing balance &1 &2

SAP Error Message - Details

• Message type: E = Error

• Message class: RECEPR - Messages for Contract Valuation

• Message number: 124

• Message text: Diff. between new pres. value and leasing liability closing balance &1 &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message RECEPR124 - Diff. between new pres. value and leasing liability closing balance &1 &2 ?

  The SAP error message RECEPR124 indicates a discrepancy between the new present value of a lease liability and the closing balance of that lease liability. This error typically arises during the processing of lease accounting entries, particularly when there are changes in the lease terms or when recalculating the present value of future lease payments.
  Cause:
  
  Changes in Lease Terms: If there have been modifications to the lease agreement (e.g., changes in payment terms, lease duration, or interest rates), the present value calculation may not align with the existing liability balance.
  Incorrect Data Entry: Errors in entering lease data, such as incorrect payment amounts or dates, can lead to discrepancies.
  Configuration Issues: Incorrect configuration in the lease accounting settings or in the relevant valuation methods can cause mismatches.
  Currency Differences: If the lease is denominated in a different currency and there are fluctuations in exchange rates, this can affect the present value calculation.
  Timing Issues: If the calculations are performed at different times or if there are pending transactions that have not been accounted for, this can lead to discrepancies.
  
  Solution:
  
  Review Lease Data: Check the lease agreement details in the system to ensure that all terms are correctly entered and reflect the current agreement.
  Recalculate Present Value: Use the appropriate transaction in SAP to recalculate the present value of the lease liability. Ensure that the inputs (interest rates, payment schedules) are accurate.
  Check Configuration: Verify the configuration settings for lease accounting in SAP. Ensure that the valuation methods and parameters are set correctly.
  Adjust Entries: If necessary, make adjustments to the accounting entries to align the present value with the closing balance.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling lease accounting discrepancies.
  Engage Support: If the issue persists, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as RECN (for lease management) and REAA (for asset accounting) to navigate through lease-related processes.
  SAP Notes: Check for any SAP Notes related to lease accounting that may address known issues or provide patches.
  Training and Documentation: Ensure that users involved in lease accounting are trained on the processes and understand how to manage lease agreements within SAP.
  
  By following these steps, you should be able to identify the cause of the RECEPR124 error and implement a solution to resolve it.