How To Fix FARR_RAI786 - Comp.code &1/acct.pr. &2: Date of adoption/src.account.principle not set

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_RAI - Revenue Accounting Item

• Message number: 786

• Message text: Comp.code &1/acct.pr. &2: Date of adoption/src.account.principle not set

What causes this issue?

Company code &v1&/accounting principle &v2&: Date of adoption and source
accounting principle must have been already defined in status
<LS>Transition</> or <LS>Adoption preparation</>.

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_RAI786 - Comp.code &1/acct.pr. &2: Date of adoption/src.account.principle not set ?

  The SAP error message FARR_RAI786 indicates that there is an issue with the configuration of the asset accounting in the system, specifically related to the adoption date or source account principle not being set for a particular company code and account principle.
  Cause:
  This error typically arises in the following scenarios:
  
  Missing Configuration: The asset accounting configuration for the specified company code and account principle is incomplete. This could mean that the date of adoption or the source account principle has not been defined in the system.
  Incorrect Data Entry: There may be incorrect or missing data in the asset master record or in the relevant configuration settings.
  Migration Issues: If you are migrating data from another system or upgrading your SAP system, there may be inconsistencies in the data that lead to this error.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for Asset Accounting (Transaction Code: SPRO).
  Navigate to Financial Accounting (New) > Asset Accounting > Integration > Define Account Principles.
  Ensure that the account principle for the specified company code is correctly set up, including the date of adoption.
  
  
  
  Review Asset Master Data:
  
  Use Transaction Code AS03 to display the asset master record.
  Check if the relevant fields for the date of adoption and source account principle are filled in correctly.
  
  
  
  Set Date of Adoption:
  
  If the date of adoption is missing, you may need to set it in the asset master record or in the configuration settings.
  
  
  
  Check for Migration Issues:
  
  If this error occurred after a data migration, review the migration logs and ensure that all necessary data was transferred correctly.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for more detailed guidance on configuring asset accounting.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  AS03: Display Asset Master Record
  SPRO: Customizing Implementation Guide
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  Documentation: Review the SAP Asset Accounting documentation for best practices and configuration guidelines.
  
  By following these steps, you should be able to identify and resolve the issue causing the FARR_RAI786 error message in your SAP system.