How To Fix VAL813 - Price type and NPV type are not defined for impairment procedure &1

VAL813 - Overview

• Message type: E = Error

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

• Message number: 813

• Message text: Price type and NPV type are not defined for impairment procedure &1

What causes this issue?

You want to record an impairment for a position on the basis of
impairment procedure &V1&.
However this impairment procedure does not have a price type for
security prices or a net present value type for net present values.

System Response

Processing is terminated.

How to fix this error?

Check the settings for impairment 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message VAL813 - Price type and NPV type are not defined for impairment procedure &1 ?

  The SAP error message VAL813 indicates that there is a configuration issue related to the impairment procedure in the Asset Accounting module. Specifically, it means that the system cannot find the necessary definitions for the price type and the Net Present Value (NPV) type for the specified impairment procedure.
  
  Cause:
  
  Missing Configuration: The price type and NPV type have not been defined for the impairment procedure you are trying to use.
  Incorrect Assignment: The impairment procedure may not be correctly assigned to the asset or asset class.
  Custom Configuration: If you are using a custom impairment procedure, it may not have been set up correctly in the system.
  
  
  Solution:
  To resolve the VAL813 error, follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (IMG) by using transaction code SPRO.
  Navigate to Financial Accounting (New) > Asset Accounting > Valuation > Define Impairment Procedures.
  Ensure that the impairment procedure you are using is correctly configured with the necessary