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

FARR_RAI576 - Overview

• 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