How To Fix FARR_FOUNDATION030 - Transfer date set to period end date

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_FOUNDATION - Revenue Accounting - Foundation

• Message number: 030

• Message text: Transfer date set to period end date

What causes this issue?

The transfer date must be the last day of the respective posting period.

System Response

The system has shifted the transfer date to the last day of the period
for company code &v1&, accounting principle &v2&, and migration package
&v3&.

How to fix this error?

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

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_FOUNDATION030 - Transfer date set to period end date ?

  The SAP error message FARR_FOUNDATION030 indicates that the transfer date for a financial transaction has been set to the period end date, which is not allowed in certain contexts. This error typically arises in the context of Asset Accounting (FI-AA) when trying to perform a transfer or posting that involves asset transactions.
  Cause:
  
  Transfer Date Issue: The transfer date is set to the last day of the period, which may not be permissible for the type of transaction being processed. This can happen if the system is configured to prevent postings on the last day of the period.
  Configuration Settings: The system may have specific settings that restrict transactions on the period end date to maintain data integrity and ensure proper financial reporting.
  Posting Period Status: The posting period may be closed or restricted for certain types of transactions, leading to this error when attempting to post on the last day of the period.
  
  Solution:
  
  Change the Transfer Date: Modify the transfer date to a date that is not the last day of the period. Choose a date that is within the open posting period.
  Check Posting Period Settings: Review the configuration of the posting periods in the system. Ensure that the relevant periods are open for the type of transaction you are trying to perform.
  Consult with Finance Team: If you are unsure about the appropriate date to use, consult with your finance or accounting team to determine the correct transfer date based on your organization's policies.
  Review Asset Transaction Types: Ensure that the type of asset transaction you are trying to perform allows for posting on the selected date. Some transactions may have specific restrictions.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like AS01 (Create Asset), AS02 (Change Asset), or ABT1N (Transfer within Company Code) depending on the context of the error.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on handling asset transfers.
  Documentation: Review SAP documentation related to Asset Accounting and posting periods for more detailed information on how to manage asset transactions effectively.
  
  If the issue persists after trying the above solutions, it may be beneficial to engage with your SAP support team or consult SAP's help resources for further assistance.