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

VAL037 - Overview

• 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

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

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