How To Fix FARR_RAI555 - Item &1: acct. principle &2 not in status "Migration"

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_RAI - Revenue Accounting Item

• Message number: 555

• Message text: Item &1: acct. principle &2 not in status "Migration"

What causes this issue?

Item &v1& has the initial load indicator set. Those items must be
processed while the migration status of the accounting principle is
still in status <LS>Migration</>. Accounting principle &v2&, however,
was already set to status <LS>Transition</>, <LS>Adoption Preparation</>
or <LS>Productive</> for company code &v3&.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

System Response

The item cannot be processed.

How to fix this error?

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_RAI555 - Item &1: acct. principle &2 not in status "Migration" ?

  The SAP error message FARR_RAI555 typically occurs in the context of Asset Accounting (FI-AA) when dealing with asset migration processes. This error indicates that the specified asset item (Item &1) is associated with an accounting principle (Acct. principle &2) that is not in the "Migration" status. 
  Cause:
  
  Incorrect Status: The asset is expected to be in a specific status (in this case, "Migration") for the migration process to proceed. If the asset is in a different status (e.g., "Active", "Inactive", etc.), this error will be triggered.
  Configuration Issues: There may be configuration issues in the asset accounting settings that prevent the asset from being in the correct status.
  Data Migration Process: The error may arise during the data migration process if the asset data was not properly prepared or if there are inconsistencies in the data.
  
  Solution:
  
  
  Check Asset Status: Verify the status of the asset in question. You can do this by navigating to the asset master record in SAP and checking its status. If it is not in "Migration" status, you may need to change it or ensure that the migration process is correctly set up.
  
  
  Review Migration Settings: Ensure that the migration settings for the accounting principles are correctly configured. This includes checking the configuration in the Asset Accounting module to ensure that the accounting principles are set up to allow migration.
  
  
  Correct Data Preparation: If you are in the process of migrating data, ensure that all necessary data is correctly prepared and that the assets are set to the appropriate status before migration.
  
  
  Consult Documentation: Refer to SAP documentation or guides related to asset migration for specific steps and requirements that need to be fulfilled.
  
  
  Contact SAP Support: If the issue persists after checking the above points, consider reaching out to SAP support for further assistance. They can provide insights based on the specific configuration and version of your SAP system.
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like AS01 (Create Asset), AS02 (Change Asset), and AS03 (Display Asset) to manage asset records.
  Migration Process: Familiarize yourself with the asset migration process in SAP, which often involves specific steps and configurations to ensure a smooth transition from legacy systems to SAP.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.