How To Fix FARR_FOUNDATION062 - This transfer date cannot be used. It won't be set.

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_FOUNDATION - Revenue Accounting - Foundation

• Message number: 062

• Message text: This transfer date cannot be used. It won't be set.

What causes this issue?

Last day in period could not be determined from fiscal year variant.

System Response

Chosen transfer date will not be saved.

How to fix this error?

Please check your FY variant customizing for company code &v1&,
accounting principle &v2&.

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_FOUNDATION062 - This transfer date cannot be used. It won't be set. ?

  The SAP error message FARR_FOUNDATION062 typically occurs in the context of the Asset Accounting (FI-AA) module, particularly when dealing with asset transfers or adjustments. The message indicates that the transfer date specified cannot be used for the transaction you are trying to perform.
  Cause:
  The error can arise due to several reasons, including:
  
  Invalid Transfer Date: The transfer date may fall outside of the allowed posting periods or fiscal year settings in the system.
  Closed Periods: The transfer date might be in a period that has already been closed for posting.
  Configuration Issues: There may be configuration settings in the asset accounting module that restrict the use of certain dates for transfers.
  Asset Status: The asset may be in a status that does not allow for transfers (e.g., retired or disposed).
  Date Format Issues: Sometimes, the date format may not be recognized correctly by the system.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check the Transfer Date: Ensure that the transfer date you are trying to use is valid and falls within an open posting period. You can check the posting periods in the configuration settings of the Financial Accounting module.
  
  
  Review Asset Status: Verify the status of the asset you are trying to transfer. If the asset is retired or disposed of, you may need to adjust your approach.
  
  
  Adjust Configuration Settings: If necessary, review the configuration settings in the Asset Accounting module to ensure that the transfer date is allowed. This may involve consulting with your SAP administrator or a functional consultant.
  
  
  Use a Different Date: If the transfer date is indeed invalid, consider using a different date that is within an open period.
  
  
  Check for Date Format: Ensure that the date is entered in the correct format as expected by the SAP system.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for more specific guidance related to your version of SAP and the context of the error.
  
  
  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-related transactions.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to perform asset transfers.
  
  If the issue persists after trying the above solutions, it may be beneficial to consult with your SAP support team or a technical consultant who can provide deeper insights into the specific configuration and data in your SAP environment.