How To Fix FAA_CMP060 - Legacy data transfer date &1 is invalid for company code &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FAA_CMP - Asset Accounting: Configuration Object Company Code

• Message number: 060

• Message text: Legacy data transfer date &1 is invalid for company code &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_CMP060 - Legacy data transfer date &1 is invalid for company code &2 ?

  The SAP error message FAA_CMP060 indicates that there is an issue with the legacy data transfer date for a specific company code. This error typically arises during the migration of legacy data into the SAP system, particularly in the context of Asset Accounting (FI-AA).
  Cause:
  The error message FAA_CMP060 is triggered when:
  
  The legacy data transfer date specified is not valid for the given company code.
  The date may fall outside the permissible range for asset transactions in the company code.
  The fiscal year or period for the specified date may not be open or may have been closed in the system.
  There may be inconsistencies in the configuration of the company code or the asset accounting settings.
  
  Solution:
  To resolve the FAA_CMP060 error, you can take the following steps:
  
  
  Check the Legacy Data Transfer Date:
  
  Ensure that the date you are using for the legacy data transfer is correct and falls within the valid range for the company code.
  
  
  
  Verify Company Code Settings:
  
  Go to the configuration settings for the company code in SAP and check the fiscal year variant and the periods that are open for posting.
  Ensure that the fiscal year and periods are correctly set up and that the date you are using is within an open period.
  
  
  
  Adjust the Date:
  
  If the date is outside the valid range, adjust it to a valid date that is within the open periods for the company code.
  
  
  
  Check Asset Accounting Configuration:
  
  Review the configuration settings for Asset Accounting (FI-AA) to ensure that they are correctly set up for the company code in question.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for additional guidance on legacy data transfer and the specific requirements for your version of SAP.
  
  
  
  Testing:
  
  After making the necessary adjustments, perform a test transfer to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as OAYZ (for Asset Accounting settings) or OBA7 (for fiscal year variant) to check and modify settings.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Support: If the issue persists after following the above steps, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  By following these steps, you should be able to identify and resolve the cause of the FAA_CMP060 error message in your SAP system.