How To Fix FARR_ACCR_MAIN061 - No new postings needed for accounting principle &2 and company code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_ACCR_MAIN - Revenue Accounting - Accrual Management

• Message number: 061

• Message text: No new postings needed for accounting principle &2 and company code &1

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_ACCR_MAIN061 - No new postings needed for accounting principle &2 and company code &1 ?

  The SAP error message FARR_ACCR_MAIN061 indicates that there are no new postings needed for the specified accounting principle and company code. This message typically arises in the context of the Asset Accounting (FI-AA) module, particularly when dealing with asset accruals.
  Cause:
  
  
  No New Accruals: The primary reason for this error is that the system has determined that there are no new accruals to be posted for the specified accounting principle and company code. This could be due to:
  
  All necessary accruals have already been posted in previous periods.
  The relevant transactions or events that would trigger new accruals have not occurred.
  The period for posting accruals may be closed or not open for posting.
  
  
  
  Configuration Issues: There may be configuration settings in the Asset Accounting module that prevent new postings from being generated.
  
  
  Data Issues: Missing or incorrect data related to the assets, such as incorrect asset master data or missing transaction data, could also lead to this message.
  
  
  Solution:
  
  
  Check Posting Period: Ensure that the posting period is open for the relevant company code and accounting principle. If the period is closed, you may need to open it to allow for new postings.
  
  
  Review Accruals: Check if there are any pending transactions or events that should trigger new accruals. If all accruals have been posted, then this message is expected.
  
  
  Configuration Review: Review the configuration settings for Asset Accounting to ensure that they are set up correctly for the accounting principle and company code in question. This includes checking the settings for accruals and depreciation.
  
  
  Asset Master Data: Verify the asset master data for any inconsistencies or missing information that could affect accrual postings.
  
  
  Transaction Logs: Check transaction logs or reports to see if there are any errors or warnings that could provide more context on why no new postings are needed.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for further insights into the specific error message and its implications.
  
  
  Related Information:
  
  Transaction Codes: You may want to use transaction codes like AW01N (Asset Explorer) to review asset details or S_ALR_87012086 (Asset Balances) to check the status of asset postings.
  SAP Notes: Look for relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  Support: If the issue persists and you cannot determine the cause, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By following these steps, you should be able to identify the cause of the error and take appropriate action to resolve it.