How To Fix FARR_RAI774 - Attention: End date of usage has been set for comp.code &1/acct.pr &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_RAI - Revenue Accounting Item

• Message number: 774

• Message text: Attention: End date of usage has been set for comp.code &1/acct.pr &2

What causes this issue?

End date of usage has been set for company code &v1& and accounting
principle &v2&.

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?

Please check carefully if this was really intended, because an
accounting principle cannot be reactivated afterwards.

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_RAI774 - Attention: End date of usage has been set for comp.code &1/acct.pr &2 ?

  The SAP error message FARR_RAI774 indicates that the end date of usage has been set for a specific combination of company code and account assignment. This typically occurs in the context of Asset Accounting (FI-AA) when trying to perform transactions related to an asset that has reached its end of usage date.
  Cause:
  
  End Date of Usage: The asset in question has an end date of usage that has been defined in the system. This means that the asset is no longer available for further transactions, such as depreciation or transfers.
  Configuration Settings: The configuration settings for the asset may have been set to restrict transactions after a certain date.
  Data Entry Error: There may have been an error in data entry, where the end date was incorrectly set or not updated after a change in the asset's status.
  
  Solution:
  
  Check Asset Master Data: Review the asset master data for the specific asset in question. Look for the end date of usage and determine if it is set correctly.
  
  Transaction Code: AS03 (Display Asset)
  
  
  Update End Date: If the end date is incorrect or needs to be extended, you can update the asset master data.
  
  Transaction Code: AS02 (Change Asset)
  
  
  Review Configuration: If the end date is set correctly but you still need to perform transactions, review the configuration settings in the Asset Accounting module to see if adjustments can be made.
  Consult with Finance Team: If you are unsure about changing the end date or if it impacts financial reporting, consult with your finance or accounting team for guidance.
  Check for Related Transactions: Ensure that there are no pending transactions that might be affected by the end date of usage.
  
  Related Information:
  
  Asset Accounting (FI-AA): This module deals with the management of fixed assets, including acquisition, depreciation, and disposal.
  End of Usage Date: This is a critical date in asset management that indicates when an asset is no longer in service or available for use.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP for asset management, such as AS01 (Create Asset), AS02 (Change Asset), and AS03 (Display Asset).
  
  If the issue persists after checking the above points, it may be necessary to involve your SAP support team or consult SAP documentation for further troubleshooting steps.