How To Fix FARR_RAI781 - Comp.code &1/acct.pr. &2/pack. &3: Period before date of adoption is open

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_RAI - Revenue Accounting Item

• Message number: 781

• Message text: Comp.code &1/acct.pr. &2/pack. &3: Period before date of adoption is open

What causes this issue?

Company code &v1&/accounting principle &v2&/package &v3&: Change of
status from <LS>Adoption preparation</> to <LS>Productive </>is allowed
only if the last period before the date of adoption is already closed.

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_RAI781 - Comp.code &1/acct.pr. &2/pack. &3: Period before date of adoption is open ?

  The SAP error message FARR_RAI781 indicates that there is an issue with the accounting period being open before the date of adoption for a specific company code, account, and package. This typically occurs in the context of Asset Accounting (FI-AA) when trying to perform transactions that involve asset postings or adjustments.
  Cause:
  The error arises when:
  
  You are trying to post an asset transaction (like acquisition, transfer, or retirement) for a period that is open in the system, but the date of adoption (the date when the asset is first recognized in the system) is set to a later date.
  The system does not allow postings to periods that are open before the date of adoption to maintain the integrity of financial data.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check the Date of Adoption:
  
  Verify the date of adoption for the asset in question. This can be found in the asset master data.
  Ensure that the date of adoption is set correctly and reflects the intended start date for the asset.
  
  
  
  Close the Open Period:
  
  If the open period is not needed for transactions, consider closing it. This can be done through the transaction code OB52 (Maintain Posting Periods).
  Ensure that the period you are trying to post to is not open if it is before the date of adoption.
  
  
  
  Adjust the Posting Date:
  
  If possible, adjust the posting date of the transaction to a period that is valid and after the date of adoption.
  
  
  
  Review Configuration:
  
  Check the configuration settings in Asset Accounting to ensure that the periods are set up correctly and that the date of adoption aligns with your accounting policies.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for further details on handling asset postings and the implications of the date of adoption.
  
  
  
  Seek Help from SAP Support:
  
  If the issue persists, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  AS01: Create Asset Master Record
  AS02: Change Asset Master Record
  AS03: Display Asset Master Record
  OB52: Maintain Posting Periods
  
  
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional guidance.
  Documentation: Review the Asset Accounting documentation for best practices on managing asset postings and understanding the implications of the date of adoption.
  
  By following these steps, you should be able to resolve the error and proceed with your asset transactions in SAP.