How To Fix VAL006 - Reset is not allowed for amortization procedure &1

SAP Error Message - Details

• Message type: E = Error

• Message class: VAL - Treasury: Messages for General Valuation

• Message number: 006

• Message text: Reset is not allowed for amortization procedure &1

What causes this issue?

Resetting the valuation is not possible in amortization procedure &V1&
because the Issue Spread component is amortized.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

System Response

Processing is terminated.

How to fix this error?

Reverse the selection in field 'Reset is possible' in amortization
procedure &V1&.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message VAL006 - Reset is not allowed for amortization procedure &1 ?

  The SAP error message VAL006 ("Reset is not allowed for amortization procedure &1") typically occurs in the context of asset accounting when you attempt to reset an asset's amortization or depreciation that is governed by a specific amortization procedure. This error indicates that the reset operation is not permitted for the specified amortization procedure.
  Cause:
  
  Amortization Procedure Restrictions: The amortization procedure defined for the asset may have specific settings that prevent resetting. For example, certain procedures may not allow for resets due to regulatory or business rules.
  Asset Status: The asset may be in a status that does not allow for resets, such as being in a closed fiscal year or having been fully depreciated.
  Configuration Settings: The configuration of the asset accounting module may restrict certain operations based on the settings defined in the system.
  
  Solution:
  
  Check Amortization Procedure: Review the amortization procedure assigned to the asset. You can do this by navigating to the asset master record and checking the settings. If the procedure is not meant to allow resets, you may need to consider alternative actions.
  Asset Status Review: Ensure that the asset is in a status that allows for resets. If the asset is in a closed fiscal year, you may need to reopen the year or make adjustments in the current year.
  Consult Configuration: If you have access to the configuration settings, check the settings for the amortization procedure in the Asset Accounting configuration (Transaction code: OAOA). Look for any restrictions that may be applied to the reset functionality.
  Alternative Actions: If resetting is not allowed, consider other options such as adjusting the asset's depreciation or creating a new asset if necessary.
  Consult Documentation: Refer to SAP documentation or help resources for specific details on the amortization procedures and their restrictions.
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like AS02 (Change Asset), AS03 (Display Asset), and OAOA (Amortization Procedures) to navigate and check the relevant settings.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on handling amortization procedures.
  User Roles: Ensure that you have the necessary authorizations to perform the actions you are attempting, as some operations may be restricted based on user roles.
  
  If the issue persists after checking the above points, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in Asset Accounting.