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

VAL007 - Overview

• 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.

VAL007 - Details

• 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:
  
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