How To Fix /PRA/ACCOUNTING050 - Effective date range does not lie in venture/owner date range

SAP Error Message - Details

• Message type: E = Error

• Message class: /PRA/ACCOUNTING -

• Message number: 050

• Message text: Effective date range does not lie in venture/owner date range

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PRA/ACCOUNTING050 - Effective date range does not lie in venture/owner date range ?

  The SAP error message /PRA/ACCOUNTING050 Effective date range does not lie in venture/owner date range typically occurs in the context of SAP's Project System (PS) or Real Estate Management (RE) modules, particularly when dealing with venture or owner data in relation to accounting entries.
  Cause:
  This error indicates that the effective date range you are trying to use for a particular transaction or entry does not fall within the valid date range defined for the venture or owner. This can happen due to several reasons:
  
  Incorrect Date Entry: The dates you have entered for the transaction do not match the valid date range set for the venture or owner.
  Venture/Owner Configuration: The venture or owner may not have been configured correctly, leading to an incorrect date range.
  Data Migration Issues: If data was migrated from another system, the date ranges may not have been set up correctly.
  Changes in Ownership/Venture: If there have been recent changes to the ownership or venture details, the effective dates may need to be updated accordingly.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  Check Effective Dates: Verify the effective date range you are trying to use. Ensure that it falls within the venture or owner's valid date range.
  Review Venture/Owner Configuration: Go to the configuration settings for the venture or owner in SAP and check the defined date ranges. Make sure they are set correctly.
  Update Dates: If the effective dates need to be adjusted, update them to fall within the valid range.
  Consult Documentation: Review any relevant documentation or guidelines for setting up ventures or owners in your SAP system to ensure compliance with best practices.
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert who can provide further assistance.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes that may help you navigate to the venture or owner settings, such as CJ20N for Project Management or RECN for Real Estate Management.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Documentation: Refer to the user manuals or help documentation specific to your SAP version for detailed instructions on managing ventures and owners.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.