How To Fix FARR_RAI049 - Company code &1 not known for item with ID &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_RAI - Revenue Accounting Item

• Message number: 049

• Message text: Company code &1 not known for item with ID &2

Self-Explanatory Message

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To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_RAI049 - Company code &1 not known for item with ID &2 ?

  The SAP error message FARR_RAI049 indicates that the system cannot recognize the specified company code for a particular item. This error typically arises in the context of Asset Accounting (FI-AA) when trying to process transactions related to fixed assets.
  Cause:
  
  Invalid Company Code: The company code specified in the transaction does not exist in the system or is not properly configured.
  Data Entry Error: There may be a typographical error in the company code or item ID.
  Master Data Issues: The asset master data may not be correctly assigned to the specified company code.
  Configuration Issues: The company code may not be set up correctly in the Asset Accounting configuration.
  
  Solution:
  
  Verify Company Code: Check the company code in the transaction to ensure it is correct. You can do this by navigating to the relevant transaction or using the transaction code OBY6 to view company codes.
  Check Asset Master Data: Use transaction code AS03 to display the asset master record and verify that the asset is assigned to the correct company code.
  Review Configuration: Ensure that the company code is properly configured in the Asset Accounting settings. You can check this in the configuration settings under SPRO -> Financial Accounting -> Asset Accounting -> Integration -> Define Company Code.
  Consult with SAP Basis or Functional Team: If the company code is valid and correctly configured, but the error persists, consult with your SAP Basis or functional team to check for any underlying issues in the system.
  
  Related Information:
  
  Transaction Codes: 
  
  AS03 - Display Asset
  OBY6 - Display Company Codes
  SPRO - Access to configuration settings
  
  
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional troubleshooting steps.
  Documentation: Review SAP documentation related to Asset Accounting for further insights into company code configurations and asset management.
  
  By following these steps, you should be able to identify and resolve the issue causing the FARR_RAI049 error message.