How To Fix FARR_RAI779 - Comp.code &1/acct.pr. &2/pack. &3: Period not closed in source acct.pr.

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_RAI - Revenue Accounting Item

• Message number: 779

• Message text: Comp.code &1/acct.pr. &2/pack. &3: Period not closed in source acct.pr.

What causes this issue?

Company code &v1&/accounting principle &v2&/package &v3&: The last
period up to the specified transfer date must be closed in the defined
source accounting principle.

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_RAI779 - Comp.code &1/acct.pr. &2/pack. &3: Period not closed in source acct.pr. ?

  The SAP error message FARR_RAI779 indicates that there is an issue with the period not being closed in the source account period for a specific company code, account period, and package. This error typically arises in the context of Asset Accounting (FI-AA) when trying to perform transactions that require the accounting period to be closed.
  Cause:
  The error occurs when:
  
  You are trying to post a transaction (like an asset transfer, depreciation posting, etc.) in a period that has not been closed in the source account period.
  The system is configured to prevent postings in open periods to ensure data integrity and compliance with accounting standards.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check the Period Status:
  
  Go to the transaction code OB52 (or use the menu path: Financial Accounting > General Ledger > Periodic Processing > Open and Close Posting Periods).
  Verify if the period for the specified company code and account type is open or closed. If it is closed, you will need to open it temporarily to allow the posting.
  
  
  
  Open the Period:
  
  If the period is closed and you need to make a posting, you can open the period for the relevant company code and account type. Be cautious with this step, as it may affect financial reporting.
  
  
  
  Post the Transaction:
  
  After opening the period, attempt to post the transaction again.
  
  
  
  Close the Period:
  
  Once the necessary postings are completed, you may want to close the period again to maintain the integrity of your financial data.
  
  
  
  Consult with Your Finance Team:
  
  If you are unsure about opening a closed period or the implications of doing so, consult with your finance or accounting team to ensure compliance with your organization’s policies.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB52: To manage posting periods.
  AS01/AS02: To create or change asset master records.
  F-92: To post asset retirement.
  
  
  
  Documentation: 
  
  Review SAP documentation related to Asset Accounting and posting periods for more detailed guidance on managing periods and transactions.
  
  
  
  User Roles: 
  
  Ensure that you have the necessary authorizations to open and close posting periods, as this is typically restricted to certain user roles within the organization.
  
  
  
  By following these steps, you should be able to resolve the error and proceed with your asset accounting transactions.