How To Fix FACRA001 - Please specify the last day of the period for company code &2, &3, &4

SAP Error Message - Details

• Message type: E = Error

• Message class: FACRA - Messages in application Manage Accruals

• Message number: 001

• Message text: Please specify the last day of the period for company code &2, &3, &4

What causes this issue?

The key date &V1& you have entered is not the last day of a
<DS:TX.ACE_DS_PERIOD_IN_ACE>Period in the Accrual Engine</> for
Company Code &V2&<(>,<)>
Accrual Item Type &V3&<(>,<)>
Ledger Group &V4&.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Enter a different key date or check the
<DS:SIMG.FIGL_ACE_PS_POST_DC>rhythm in the customizing settings of the
Accrual Engine</>.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FACRA001 - Please specify the last day of the period for company code &2, &3, &4 ?

  The SAP error message FACRA001 typically occurs in the context of asset accounting when there is an issue with the period settings for a specific company code. This error indicates that the system requires you to specify the last day of the period for the given company code.
  Cause:
  The error message FACRA001 is triggered when:
  
  The last day of the period is not defined for the specified company code.
  The period settings in the asset accounting configuration are incomplete or incorrect.
  The fiscal year variant assigned to the company code does not have the necessary periods defined.
  
  Solution:
  To resolve the FACRA001 error, you can follow these steps:
  
  
  Check the Fiscal Year Variant:
  
  Go to the transaction code OB52 (Change View "Periods" Overview).
  Verify that the fiscal year variant assigned to the company code has the correct periods defined.
  
  
  
  Define the Last Day of the Period:
  
  If the periods are not defined, you will need to create or adjust them.
  Ensure that the last day of the period is specified for the relevant fiscal year.
  
  
  
  Review Company Code Settings:
  
  Use transaction code OBA7 to check the settings for the company code.
  Ensure that the company code is correctly configured with the appropriate fiscal year variant.
  
  
  
  Check Asset Accounting Configuration:
  
  Use transaction code OAYZ to access the asset accounting configuration.
  Ensure that the settings for the asset classes and depreciation areas are correctly defined.
  
  
  
  Consult Documentation:
  
  If you are unsure about the settings, refer to SAP documentation or consult with your SAP Basis or Finance team for assistance.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB52: Change View "Periods" Overview
  OBA7: Company Code Global Parameters
  OAYZ: Asset Accounting Configuration
  
  
  
  SAP Notes and Documentation:
  
  Check SAP Notes for any specific issues related to the FACRA001 error.
  Review the SAP Help Portal for detailed information on asset accounting and fiscal year settings.
  
  
  
  By following these steps, you should be able to resolve the FACRA001 error and ensure that the last day of the period is correctly specified for the company code in question.