How To Fix VAL601 - No book value exists for the position on &1

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 601

• Message text: No book value exists for the position on &1

What causes this issue?

You wish to carry out a manual valuation for the position on &V1&. To
enable this, book values must have been defined in the system as at &V1&
.
Currently there are no book values in the system for this position.

System Response

The valuation cannot be carried out.

How to fix this error?

Define a book value for the position as at &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 VAL601 - No book value exists for the position on &1 ?

  The SAP error message VAL601 ("No book value exists for the position on &1") typically occurs in the context of asset accounting or financial transactions where the system is unable to find a book value for a specific asset or position on a given date. This can happen for several reasons, and understanding the cause is essential for resolving the issue.
  Causes of VAL601
  
  
  Missing Asset Data: The asset may not have been fully created or may be missing necessary data, such as acquisition values or depreciation information.
  
  
  Incorrect Date: The date specified in the transaction may be outside the range of the asset's life or the date for which the book value is being queried.
  
  
  Posting Period Issues: The posting period for the transaction may be closed, or the asset may not have been posted in the relevant period.
  
  
  Asset Retirement or Disposal: If the asset has been retired or disposed of, there may be no book value available for the specified date.
  
  
  Configuration Issues: There may be configuration issues in the asset accounting module that prevent the system from retrieving the book value.
  
  
  Solutions to VAL601
  
  
  Check Asset Master Data: Verify that the asset master data is complete and accurate. Ensure that all necessary fields, such as acquisition value and useful life, are filled in.
  
  
  Verify Dates: Ensure that the date you are using in the transaction is correct and falls within the asset's active life. Check if the asset was active on that date.
  
  
  Review Posting Periods: Check the status of the posting periods in the financial accounting module. Ensure that the relevant periods are open for posting.
  
  
  Check Asset Status: If the asset has been retired or disposed of, confirm that you are not trying to access book values for a date after the retirement.
  
  
  Consult Configuration: If you suspect a configuration issue, consult with your SAP configuration team to ensure that the asset accounting settings are correct.
  
  
  Use Transaction Codes: Utilize transaction codes like AS03 (Display Asset) to check the asset details and ensure that the book value exists for the specified date.
  
  
  Run Reports: Use asset accounting reports (e.g., S_ALR_87011990) to check the status of the asset and its book values over time.
  
  
  Related Information
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to the VAL601 error. SAP frequently updates its knowledge base with solutions for common errors.
  
  
  Documentation: Review SAP documentation related to asset accounting for best practices and troubleshooting steps.
  
  
  Support: If the issue persists, consider reaching out to SAP support or your internal SAP support team for further assistance.
  
  
  By following these steps, you should be able to identify the cause of the VAL601 error and implement the appropriate solution.