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

VAL601 - Overview

• 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