How To Fix FARR_RAI634 - No productive accounting principle maintained for company code &1

FARR_RAI634 - Overview

• Message type: E = Error

• Message class: FARR_RAI - Revenue Accounting Item

• Message number: 634

• Message text: No productive accounting principle maintained for company code &1

What causes this issue?

The revenue accounting item &V2& was not processed because for company
code &V1& no productive accounting principle was maintained.

System Response

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

How to fix this error?

Contact your system administrator.

Procedure for System Administrators

Assign an accounting principle to the company code &V1&.
INCLUDE FIRA_CUST OBJECT DOKU ID TX

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_RAI634 - No productive accounting principle maintained for company code &1 ?

  The SAP error message FARR_RAI634 indicates that there is no productive accounting principle maintained for the specified company code. This error typically arises in the context of Asset Accounting (FI-AA) when trying to perform operations that require a valid accounting principle.
  
  Cause:
  The error occurs when:
  
  The company code specified in the transaction does not have a productive accounting principle assigned.
  The configuration for the asset accounting is incomplete or incorrect.
  The accounting principles have not been defined or activated for the company code in question.
  
  
  Solution:
  To resolve this error, you need to ensure that a productive accounting principle is maintained for the company code. Here are the steps to do this:
  
  
  Access the Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (SAP Project Reference Object) > IMG (Implementation Guide) > Financial Accounting > Asset Accounting > Integration > Define Accounting Principles.
  
  
  
  Define Accounting Principles:
  
  Check if the accounting principles are defined for the company code.
  If not, you