How To Fix FARR_FOUNDATION031 - Date of adoption set to period start date

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_FOUNDATION - Revenue Accounting - Foundation

• Message number: 031

• Message text: Date of adoption set to period start date

What causes this issue?

The date of adoption must be the first day of the respective posting
period.

System Response

The system has shifted the date of adoption to the first day of the
period for company code &v1&, accounting principle &v2&.

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_FOUNDATION031 - Date of adoption set to period start date ?

  The SAP error message FARR_FOUNDATION031 indicates that the date of adoption for an asset is set to the period start date, which is not allowed in the system. This error typically arises in the context of Asset Accounting (FI-AA) when trying to adopt or transfer an asset into the system.
  Cause:
  The error occurs because the system requires that the date of adoption (or transfer) must be set to a date that is valid and does not coincide with the start of the accounting period. The date of adoption should be a date that is within the fiscal year but not the first day of the period.
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check the Date of Adoption: Review the date of adoption you are trying to set for the asset. Ensure that it is not set to the first day of the accounting period.
  
  
  Change the Date: If the date of adoption is indeed set to the period start date, change it to a valid date that falls within the same period but is not the first day. For example, if the period starts on January 1, you could set the date of adoption to January 2 or any other date within that period.
  
  
  Review Configuration: If you are consistently encountering this error, review the configuration settings in your Asset Accounting module to ensure that the rules regarding the date of adoption are correctly set up.
  
  
  Consult Documentation: Refer to SAP documentation or help files for further details on the requirements for asset adoption dates.
  
  
  Seek Help from SAP Support: If the issue persists or if you are unsure about making changes, consider reaching out to your SAP support team or consulting with SAP directly for assistance.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS01 (Create Asset), AS02 (Change Asset), and AS03 (Display Asset) to manage asset data.
  Asset Accounting Configuration: Understanding the configuration settings in the Asset Accounting module can help prevent similar issues in the future.
  Fiscal Year Variant: Ensure that the fiscal year variant is correctly set up, as this can affect how dates are interpreted in the system.
  
  By following these steps, you should be able to resolve the FARR_FOUNDATION031 error and successfully set the date of adoption for your asset.