How To Fix FARR_RAI789 - Date of item &1 is after adoption date of acct.pr. &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_RAI - Revenue Accounting Item

• Message number: 789

• Message text: Date of item &1 is after adoption date of acct.pr. &2

What causes this issue?

You are processing item &v1& . The date of the item &v1& (order item:
inception date or start date, fulfillment item: event date, invoice
item: posting date) is after the adoption date of accounting principle
&v2&. Accounting principle &v2& is in migration status <LS>Adoption
Preparation</>.
The item can only be processed once the migration status of accounting
principle &v2& was set to status <LS>Productive</>.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

System Response

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_RAI789 - Date of item &1 is after adoption date of acct.pr. &2 ?

  The SAP error message FARR_RAI789 indicates that there is a date inconsistency in the asset accounting module. Specifically, the error states that the date of the item (e.g., an asset transaction) is after the adoption date of the accounting period. This typically occurs when you are trying to post a transaction that is dated later than the period that has been closed or adopted in the system.
  Cause:
  
  Date Mismatch: The transaction date of the asset item is set to a date that is beyond the adoption date of the accounting period.
  Closed Period: The accounting period for the asset has been closed, and no further transactions can be posted for that period.
  Incorrect Configuration: The adoption date for the accounting period may not be set correctly, or the transaction date may have been entered incorrectly.
  
  Solution:
  
  Check Transaction Date: Verify the date of the item you are trying to post. Ensure that it is within the open accounting periods.
  Open the Period: If the transaction needs to be posted for a closed period, you may need to open that period in the system (if allowed by your organization's policies).
  Adjust Adoption Date: If the adoption date is incorrect, you may need to adjust it to allow for the posting of the transaction. This should be done with caution and typically requires authorization.
  Consult with Finance Team: If you are unsure about the correct procedure, consult with your finance or accounting team to ensure compliance with accounting policies.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OB52 to manage the posting periods or AS02 to change asset master data.
  Documentation: Review SAP documentation or help files related to asset accounting and period management for more detailed guidance.
  User Authorizations: Ensure that you have the necessary authorizations to make changes to periods or asset data.
  
  Best Practices:
  
  Regularly review and reconcile asset transactions to avoid discrepancies.
  Maintain clear communication with the finance team regarding period closures and asset postings.
  Implement controls to prevent posting errors related to date mismatches.
  
  By following these steps, you should be able to resolve the error and ensure that your asset transactions are posted correctly.