How To Fix FARR_RAI886 - Reconciliation is not possible for company code &1/acct principle &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_RAI - Revenue Accounting Item

• Message number: 886

• Message text: Reconciliation is not possible for company code &1/acct principle &2

What causes this issue?

Reconciliation is not possible for the combination of company code &V1&
and accounting principle &V2&.
There is a gap between the date of the last reconcilation run and the
start date of the current run and therefore it is not possible to
reconcile this combination.

How to fix this error?

Change the start date to an earlier date or just leave it empty.

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_RAI886 - Reconciliation is not possible for company code &1/acct principle &2 ?

  The SAP error message FARR_RAI886 indicates that reconciliation is not possible for a specific company code and account principle. This error typically arises in the context of Asset Accounting (FI-AA) when there are discrepancies or issues with the reconciliation process for asset transactions.
  Causes:
  
  Missing or Incorrect Configuration: The account principle may not be properly configured for the specified company code.
  Inconsistent Data: There may be inconsistencies in the asset master data or transaction data that prevent reconciliation.
  Open Transactions: There might be open transactions that have not been processed or cleared, leading to discrepancies.
  Incorrect Account Assignment: The asset may be assigned to an incorrect account or company code.
  Period Closing Issues: The financial period may be closed, preventing any further reconciliation activities.
  
  Solutions:
  
  
  Check Configuration:
  
  Verify that the account principle is correctly configured for the company code in the Asset Accounting settings.
  Ensure that all necessary settings for reconciliation are in place.
  
  
  
  Review Asset Master Data:
  
  Check the asset master data for the specified account principle and company code. Ensure that all required fields are filled out correctly.
  Look for any inconsistencies or missing information.
  
  
  
  Analyze Open Transactions:
  
  Review any open transactions related to the asset. Clear or process any outstanding transactions that may be causing the issue.
  
  
  
  Correct Account Assignments:
  
  Ensure that the asset is assigned to the correct account and company code. If there are discrepancies, correct them in the asset master data.
  
  
  
  Check Period Closing:
  
  Verify if the financial period is closed. If it is, you may need to reopen the period or make adjustments in the next open period.
  
  
  
  Run Reconciliation Reports:
  
  Use SAP reports to analyze the reconciliation status and identify any discrepancies that need to be addressed.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like AS03 (Display Asset), S_ALR_87011963 (Asset History Sheet), or S_ALR_87012050 (Asset Balances) to gather more information about the assets and their transactions.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  Documentation: Refer to SAP documentation for Asset Accounting to understand the reconciliation process and requirements better.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in Asset Accounting.