How To Fix FARR_RAI777 - Comp.code &1/acct.pr. &2/pack. &3: Invalid transfer date specified

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_RAI - Revenue Accounting Item

• Message number: 777

• Message text: Comp.code &1/acct.pr. &2/pack. &3: Invalid transfer date specified

What causes this issue?

Invalid transfer date was specified for company code &v1&, accounting
principle &v2& and package &v3&.
If a new migration package is created for a company code/accounting
principle combination, which has the status <LS>Transition</>, then the
transfer date of the new package must be the same as the transfer date
of the company code/accounting principle combination itself.

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?

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_RAI777 - Comp.code &1/acct.pr. &2/pack. &3: Invalid transfer date specified ?

  The SAP error message FARR_RAI777 indicates that there is an issue with the transfer date specified in a financial transaction related to asset accounting. This error typically arises when the transfer date does not fall within the valid posting periods or is otherwise invalid according to the system's configuration.
  Cause:
  
  Invalid Transfer Date: The transfer date specified in the transaction is outside the allowed posting periods.
  Closed Periods: The posting period for the specified date may be closed, meaning that no transactions can be posted for that period.
  Configuration Issues: There may be configuration settings in the asset accounting module that restrict the use of certain dates for transfers.
  Incorrect Account Assignment: The account assignment or company code may not be set up correctly, leading to the invalid date error.
  
  Solution:
  
  
  Check Posting Periods: Verify the posting periods in the system to ensure that the transfer date falls within an open period. You can do this by navigating to the transaction code OB52 (for controlling posting periods) and checking the settings for the relevant company code and fiscal year.
  
  
  Adjust Transfer Date: If the transfer date is indeed invalid, adjust it to a valid date that falls within an open posting period.
  
  
  Review Configuration: Check the configuration settings in the asset accounting module to ensure that there are no restrictions on the transfer dates. This can be done through transaction codes like OAYZ (for asset accounting settings).
  
  
  Consult Documentation: Review SAP documentation or help files related to asset accounting for any specific guidelines regarding transfer dates.
  
  
  Contact Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OB52: For managing posting periods.
  OAYZ: For asset accounting configuration.
  AS01/AS02: For creating or changing asset master records.
  
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. You can search for the error message or related keywords in the SAP Support Portal.
  
  
  User Authorization: Ensure that you have the necessary authorizations to perform transactions in asset accounting, as lack of permissions can sometimes lead to unexpected errors.
  
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.