How To Fix FARR_RAI576 - &1 must be less or equal to date &2, calculated from the residence time

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_RAI - Revenue Accounting Item

• Message number: 576

• Message text: &1 must be less or equal to date &2, calculated from the residence time

What causes this issue?

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

System Response

How to fix this error?

Please read the following documentation about how to calculate the date
for exemption time:
<DS:DE.FARR_RAI_EXCDATE0_TO>Date Up to Which Restorable Exempted Items
Are Deleted</>
<DS:DE.FARR_RAI_EXCDATE1_TO>Date Up to Which Non-Restorable Exempted
Items Are Deleted</>

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_RAI576 - &1 must be less or equal to date &2, calculated from the residence time ?

  The SAP error message FARR_RAI576 typically occurs in the context of asset accounting, particularly when dealing with asset retirement and the calculation of residence time. The error message indicates that a certain date (likely the date of the asset retirement or disposal) must be less than or equal to another date that is calculated based on the residence time of the asset.
  Cause:
  The error arises when the date entered for an asset transaction (such as retirement or disposal) is later than the date that is calculated based on the asset's residence time. This can happen due to:
  
  Incorrect Date Entry: The user may have entered a date that is not in line with the expected timeline of the asset's life cycle.
  Residence Time Configuration: The residence time settings for the asset may not be configured correctly, leading to an incorrect calculation of the expected date.
  Business Process Issues: There may be a misunderstanding of the business process regarding asset retirement or disposal, leading to incorrect date entries.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Date Entries: Review the date you have entered for the asset transaction. Ensure that it is correct and falls within the expected range based on the asset's residence time.
  
  
  Review Residence Time Settings: Check the configuration of the residence time for the asset in question. Ensure that it is set correctly according to your organization's policies and the asset's lifecycle.
  
  
  Adjust Dates: If the entered date is indeed incorrect, adjust it to a date that is less than or equal to the calculated date based on the residence time.
  
  
  Consult Documentation: Refer to SAP documentation or your organization's guidelines on asset retirement and residence time to ensure compliance with the expected processes.
  
  
  Seek Help from SAP Support: If the issue persists and you cannot identify the cause, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  
  Related Information:
  
  Asset Accounting (FI-AA): This module deals with the management of fixed assets, including their acquisition, depreciation, and retirement.
  Residence Time: This is a critical concept in asset accounting that defines the period an asset is expected to be in use before it can be retired or disposed of.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to asset management, such as AS01 (Create Asset), AS02 (Change Asset), and ABAVN (Asset Retirement).
  
  By following these steps and understanding the context of the error, you should be able to resolve the issue effectively.