How To Fix VAL007 - Amortization procedure &1 is inconsistent (see long text)

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 007

• Message text: Amortization procedure &1 is inconsistent (see long text)

What causes this issue?

In amortization procedure &V1&, the combination of calculation category
and gross/net sign is not logical.

System Response

The activity is terminated.

How to fix this error?

Correct the settings for amortization procedure &V1&.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message VAL007 - Amortization procedure &1 is inconsistent (see long text) ?

  The SAP error message VAL007 indicates that there is an inconsistency in the amortization procedure specified in the system. This error typically arises in the context of asset accounting, particularly when dealing with the configuration of amortization methods for fixed assets.
  Cause:
  The inconsistency can be caused by several factors, including:
  
  
  Incorrect Configuration: The amortization procedure may not be properly configured in the system. This could involve missing or incorrect settings in the Customizing for Asset Accounting.
  
  
  Missing Master Data: The asset master record may not have the required data for the specified amortization procedure.
  
  
  Incompatible Settings: The settings for the amortization procedure may not align with the asset type or the company code settings.
  
  
  Changes in Configuration: If there have been recent changes to the amortization procedures or related settings, it may lead to inconsistencies if not properly updated across all relevant areas.
  
  
  Solution:
  To resolve the VAL007 error, you can follow these steps:
  
  
  Check Amortization Procedure:
  
  Go to the Customizing settings for Asset Accounting (Transaction code: SPRO).
  Navigate to Financial Accounting (New) > Asset Accounting > Amortization > Define Amortization Procedures.
  Verify that the amortization procedure specified is correctly defined and that all necessary parameters are set.
  
  
  
  Review Asset Master Data:
  
  Check the asset master record (Transaction code: AS03) for the asset in question.
  Ensure that the correct amortization procedure is assigned and that all required fields are filled out correctly.
  
  
  
  Consistency Check:
  
  Use the transaction code OAM1 to check for inconsistencies in the asset master data and the amortization procedure.
  Correct any inconsistencies found during this check.
  
  
  
  Consult Documentation:
  
  Review the long text associated with the error message for specific guidance on what might be inconsistent.
  You can view the long text by clicking on the error message in the SAP GUI.
  
  
  
  Testing:
  
  After making the necessary adjustments, test the amortization process again to ensure that the error has been resolved.
  
  
  
  Seek Help:
  
  If the issue persists, consider reaching out to your SAP support team or consulting SAP Notes for any known issues related to the VAL007 error.
  
  
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any specific patches or updates related to the VAL007 error.
  Documentation: Refer to SAP Help documentation for detailed information on configuring amortization procedures.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS01 (Create Asset), AS02 (Change Asset), and AS03 (Display Asset) for managing asset master data.
  
  By following these steps, you should be able to identify and resolve the inconsistency causing the VAL007 error in SAP.