How To Fix VAL037 - The relevant settings are missing in amortization procedure &1

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 037

• Message text: The relevant settings are missing in amortization procedure &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message VAL037 - The relevant settings are missing in amortization procedure &1 ?

  The SAP error message VAL037 indicates that there are missing settings in the amortization procedure specified in the error message. This typically occurs in the context of asset accounting when trying to process an asset that requires specific configuration for its amortization.
  Cause:
  The error arises when the system cannot find the necessary configuration for the specified amortization procedure. This can happen due to several reasons:
  
  The amortization procedure is not defined in the system.
  The settings for the amortization procedure are incomplete or incorrect.
  The asset class associated with the asset does not have the required settings for the amortization procedure.
  The configuration for the fiscal year variant or other related settings may not be properly set up.
  
  Solution:
  To resolve the VAL037 error, follow these steps:
  
  
  Check Amortization Procedure:
  
  Go to the configuration settings for asset accounting in SAP (Transaction code: OAYD).
  Verify that the amortization procedure specified in the error message exists and is correctly defined.
  
  
  
  Review Asset Class Settings:
  
  Check the asset class associated with the asset in question (Transaction code: OAOA).
  Ensure that the asset class has the correct amortization procedure assigned.
  
  
  
  Configuration of Amortization Procedure:
  
  Ensure that all necessary settings for the amortization procedure are completed. This includes defining the methods of depreciation, useful life, and any other relevant parameters.
  
  
  
  Fiscal Year Variant:
  
  Check the fiscal year variant settings to ensure they are compatible with the amortization procedure.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for detailed guidance on configuring amortization procedures and asset classes.
  
  
  
  Testing:
  
  After making the necessary changes, test the asset transaction again to see if the error persists.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OAYD: Define Amortization Procedures
  OAOA: Define Asset Classes
  OABW: Define Depreciation Areas
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to the VAL037 error.
  
  
  User Roles: Ensure that you have the necessary authorizations to make changes to asset accounting settings.
  
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in asset accounting.