How To Fix FARR_CONTR_LIFECYCLE118 - The asset account &1 of contract &2 cannot be changed.

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_CONTR_LIFECYCLE - Message from Contract Lifecyle (RAR 2.0 Object Model)

• Message number: 118

• Message text: The asset account &1 of contract &2 cannot be changed.

What causes this issue?

The asset account of the contract cannot be changed because the contract
has been posted to FI/CO-PA.

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?

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 FARR_CONTR_LIFECYCLE118 - The asset account &1 of contract &2 cannot be changed. ?

  The SAP error message FARR_CONTR_LIFECYCLE118 indicates that there is an issue with changing the asset account associated with a contract in the SAP system. This error typically arises in the context of contract management and asset accounting, particularly when dealing with contracts that have already been processed or have certain dependencies.
  Cause:
  
  Contract Status: The contract may be in a status that does not allow changes to the asset account. For example, if the contract is already active or has been fully processed, changes may be restricted.
  Dependencies: There may be existing transactions or postings related to the contract that prevent changes to the asset account.
  Configuration Settings: The system configuration may restrict changes to certain fields once a contract reaches a specific lifecycle stage.
  Authorization Issues: The user may not have the necessary permissions to make changes to the asset account.
  
  Solution:
  
  Check Contract Status: Review the status of the contract. If it is in a status that does not allow changes, you may need to change the status or create a new contract.
  Review Transactions: Check if there are any open transactions or postings related to the contract. If there are, you may need to reverse or complete those transactions before making changes.
  Consult Configuration: If you have access to configuration settings, check if there are any restrictions in place regarding changes to asset accounts. You may need to consult with your SAP administrator or functional consultant.
  User Authorization: Ensure that you have the necessary permissions to make changes to the asset account. If not, contact your system administrator to obtain the required access.
  Create a New Contract: If changing the asset account is not possible due to the contract's lifecycle, consider creating a new contract with the desired asset account.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error message or provide additional guidance.
  Documentation: Review SAP documentation related to contract management and asset accounting for best practices and guidelines on managing contracts and asset accounts.
  Support: If the issue persists, consider reaching out to SAP support or your internal IT support team for further assistance.
  
  By following these steps, you should be able to identify the cause of the error and implement a suitable solution.