How To Fix FARR_FOUNDATION012 - Residence time in Customizing is shorter than minimum res.time (&1 days)

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_FOUNDATION - Revenue Accounting - Foundation

• Message number: 012

• Message text: Residence time in Customizing is shorter than minimum res.time (&1 days)

What causes this issue?

The number of days for the residence time ( &V2& days) is less than the
defined minimum residence time of &V1&days.

System Response

This number is corrected to the defined value for the current program
run.

How to fix this error?

Set a higher number of days in Customizing.
To do so, choose Maintain entries or Customizing.

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 FARR_FOUNDATION012 - Residence time in Customizing is shorter than minimum res.time (&1 days) ?

  The SAP error message FARR_FOUNDATION012 indicates that the residence time defined in the Customizing settings for a specific process is shorter than the minimum required residence time, which is specified in the error message (denoted as "&1 days"). This error typically occurs in the context of Asset Accounting or Financial Accounting, particularly when dealing with asset transactions or configurations.
  Cause:
  The primary cause of this error is that the residence time for a particular asset or transaction is set to a value that does not meet the minimum requirements defined in the system. This can happen due to:
  
  Incorrect Customizing Settings: The residence time for the asset class or transaction type may have been set incorrectly in the Customizing settings.
  Business Process Requirements: The business process may require a longer residence time than what has been configured.
  Changes in Regulations or Policies: Changes in accounting standards or internal policies may necessitate a longer residence time.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Customizing Settings:
  
  Navigate to the Customizing settings for Asset Accounting (Transaction code: SPRO).
  Go to Financial Accounting (New) > Asset Accounting > Master Data > Define Residence Time.
  Review the residence time settings for the relevant asset class or transaction type and ensure that they meet the minimum requirements.
  
  
  
  Adjust Residence Time:
  
  If the residence time is indeed shorter than required, adjust it to meet or exceed the minimum residence time specified in the error message.
  
  
  
  Consult Documentation:
  
  Review any relevant documentation or guidelines that may specify the required residence time for your business processes.
  
  
  
  Test Changes:
  
  After making adjustments, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Consult with Stakeholders:
  
  If you are unsure about the appropriate residence time, consult with your finance or accounting team to understand the business requirements.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS01 (Create Asset), AS02 (Change Asset), and AS03 (Display Asset) to test the changes.
  SAP Notes: Check for any SAP Notes related to this error message for additional guidance or patches that may address known issues.
  Documentation: Review SAP Help documentation for Asset Accounting to understand the implications of residence time on asset transactions.
  
  By following these steps, you should be able to resolve the FARR_FOUNDATION012 error and ensure that your asset accounting processes function correctly.