How To Fix FARR_RAI334 - No accounting principles with required status for company code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_RAI - Revenue Accounting Item

• Message number: 334

• Message text: No accounting principles with required status for company code &1

What causes this issue?

The system tried to create a revenue accounting item with company code
&V1&. For the item to be created, accounting principles must be assigned
with revenue accounting status <LS>Productive, </><ZH><ZK>Adoption
Preparation</></>, <ZH><ZK>Transition</></> or <LS>Migration</>. How
ever, in customizing you have not assigned one of these statuses to any
accounting principle maintained for this company code.

System Response

The system cannot store the revenue accounting item. The program
terminates processing.

How to fix this error?

INCLUDE RAI_NA_CUST_1 OBJECT DOKU ID TX

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_RAI334 - No accounting principles with required status for company code &1 ?

  The SAP error message FARR_RAI334 indicates that there are no accounting principles with the required status for the specified company code. This error typically occurs in the context of the Asset Accounting (FI-AA) module when trying to perform operations that require a valid accounting principle.
  Cause:
  
  Missing Accounting Principles: The company code specified does not have any accounting principles defined or activated.
  Inactive Accounting Principles: The accounting principles that are defined may not be active or may not meet the required status for the operation being performed.
  Configuration Issues: There may be a configuration issue in the Asset Accounting settings that prevents the system from recognizing the accounting principles.
  
  Solution:
  
  
  Check Accounting Principles:
  
  Go to the configuration settings in SAP (Transaction Code: SPRO).
  Navigate to Financial Accounting (New) > Asset Accounting > Integration > Define Accounting Principles.
  Ensure that there are accounting principles defined for the company code in question.
  
  
  
  Activate Accounting Principles:
  
  If accounting principles exist but are inactive, you may need to activate them.
  Ensure that the accounting principles are set to the correct status (active) for the company code.
  
  
  
  Assign Accounting Principles:
  
  If no accounting principles are assigned, you will need to assign them to the company code.
  This can be done in the same configuration area where you define accounting principles.
  
  
  
  Check Company Code Settings:
  
  Verify that the company code is correctly set up in the system and that it is not in a status that would prevent accounting principles from being applied.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to Asset Accounting and accounting principles for any additional configuration steps that may be required.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  SPRO (to access configuration settings)
  OAOA (to manage accounting principles)
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  User Roles: Ensure that you have the necessary authorizations to make changes to the configuration settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in Asset Accounting.