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

FARR_RAI555 - Overview

• 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.

FARR_RAI555 - Details

• 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