How To Fix FARR_RAI553 - Item &1 not processed because of error in item &3 (acct. principle &3)

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_RAI - Revenue Accounting Item

• Message number: 553

• Message text: Item &1 not processed because of error in item &3 (acct. principle &3)

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

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.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_RAI553 - Item &1 not processed because of error in item &3 (acct. principle &3) ?

  The SAP error message FARR_RAI553 indicates that there is an issue with processing a specific item in the context of Asset Accounting (FI-AA) related to the account principle. This error typically arises when there is a problem with the configuration or data associated with the asset or the accounting principles being applied.
  Cause:
  
  Configuration Issues: The account principle for the asset may not be correctly configured. This could involve settings related to depreciation, asset classes, or other accounting parameters.
  Data Inconsistencies: There may be inconsistencies in the data for the asset or the related accounting entries. This could include missing or incorrect information in the asset master record.
  Posting Period Issues: The posting period may be closed or not open for the transaction being processed.
  Authorization Issues: The user may not have the necessary authorizations to process the item.
  Dependencies on Other Items: The item may depend on other items that have not been processed correctly.
  
  Solution:
  
  Check Configuration: Review the configuration settings for the account principle associated with the asset. Ensure that all necessary parameters are correctly set up.
  Review Asset Master Data: Check the asset master data for any inconsistencies or missing information. Ensure that all required fields are filled out correctly.
  Open Posting Period: Verify that the posting period is open for the transaction. If it is closed, you may need to open it or adjust the transaction date.
  Check Authorizations: Ensure that the user has the necessary authorizations to perform the transaction. If not, contact your SAP security team to grant the required permissions.
  Analyze Related Items: Investigate any related items that may be causing the issue. Ensure that all dependencies are processed correctly.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as AS01 (Create Asset), AS02 (Change Asset), or AS03 (Display Asset) to review asset details.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  Debugging: If the issue persists, consider debugging the process to identify the exact point of failure.
  Consult Documentation: Review SAP documentation related to Asset Accounting and the specific account principles being used.
  
  If the problem continues after following these steps, it may be beneficial to consult with your SAP support team or reach out to SAP directly for further assistance.