How To Fix FARR_RAI706 - Error: transfer date is mandatory (comp.code &1/acct.princip. &2)

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_RAI - Revenue Accounting Item

• Message number: 706

• Message text: Error: transfer date is mandatory (comp.code &1/acct.princip. &2)

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_RAI706 - Error: transfer date is mandatory (comp.code &1/acct.princip. &2) ?

  The SAP error message FARR_RAI706 indicates that a transfer date is mandatory for the specified company code and account principal. This error typically occurs in the context of asset accounting or financial transactions where a transfer of assets or values is being processed.
  Cause:
  The error arises when a transaction is attempted without providing a required transfer date. This date is essential for the system to understand when the transfer is effective, and it is necessary for proper accounting and reporting.
  Solution:
  To resolve this error, you should ensure that the transfer date is provided in the transaction you are attempting to execute. Here are the steps you can take:
  
  
  Check the Transaction: Review the transaction you are trying to perform. Ensure that all mandatory fields, especially the transfer date, are filled in correctly.
  
  
  Input the Transfer Date: If the transfer date field is missing or empty, input the appropriate date. This date should reflect when the transfer is intended to take place.
  
  
  Review Configuration: If you are consistently encountering this error, it may be worth reviewing the configuration settings in your SAP system to ensure that the transfer date is set as a mandatory field for the relevant transactions.
  
  
  Consult Documentation: Refer to the SAP documentation or help files related to the specific transaction you are working with. This can provide additional context on required fields and their significance.
  
  
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert who can provide further assistance.
  
  
  Related Information:
  
  Transaction Codes: Depending on the context, you may be using transaction codes related to asset accounting (e.g., ABUMN for asset transfer, ABT1N for transfer within company code).
  SAP Notes: Check for any relevant SAP Notes that may address this error or provide additional guidance.
  User Roles and Authorizations: Ensure that you have the necessary permissions to perform the transaction, as sometimes restrictions can lead to incomplete data entry.
  
  By following these steps, you should be able to resolve the FARR_RAI706 error and successfully complete your transaction.