How To Fix FARR_RAI744 - Transfer date must be in the past (comp.code &1/acct.princ. &2)

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_RAI - Revenue Accounting Item

• Message number: 744

• Message text: Transfer date must be in the past (comp.code &1/acct.princ. &2)

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_RAI744 - Transfer date must be in the past (comp.code &1/acct.princ. &2) ?

  The SAP error message FARR_RAI744 indicates that there is an issue with the transfer date specified in a financial transaction, specifically in the context of Asset Accounting (FI-AA). The error message states that the transfer date must be in the past, which means that the date you are trying to use for the transfer is either today or a future date, which is not allowed.
  Cause:
  
  Incorrect Transfer Date: The transfer date you have entered is set to a date that is either today or in the future.
  System Configuration: There may be system settings or configurations that enforce this rule, ensuring that transfers can only be processed for dates that have already occurred.
  User Input Error: The user may have mistakenly entered the wrong date or format.
  
  Solution:
  
  
  Change the Transfer Date: 
  
  Go back to the transaction where you encountered the error and change the transfer date to a date that is in the past. Ensure that the date is valid and corresponds to a period that is open for posting in the system.
  
  
  
  Check Posting Periods: 
  
  Ensure that the posting period for the date you are trying to use is open. You can check this in the configuration settings for financial accounting.
  
  
  
  Review User Input: 
  
  Double-check the date format and ensure that you are entering the date correctly. Sometimes, the format may differ based on user settings or regional settings.
  
  
  
  Consult Documentation: 
  
  If you are unsure about the correct date to use, consult your organization's documentation or reach out to your SAP support team for guidance.
  
  
  
  Related Information:
  
  Transaction Codes: This error may occur in various transactions related to asset transfers, such as ABUMN (Transfer within Company Code) or ABT1N (Transfer between Company Codes).
  SAP Notes: Check for any relevant SAP Notes that may provide additional context or solutions for this error.
  User Roles and Authorizations: Ensure that the user has the necessary roles and authorizations to perform asset transfers, as restrictions may also lead to errors.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in Asset Accounting for further assistance.