How To Fix FARR_ACCR_DB007 - No reconciliation key for fiscal year &2 in period &3 of company code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_ACCR_DB - Revenue Accounting - Accrual Management DB Access

• Message number: 007

• Message text: No reconciliation key for fiscal year &2 in period &3 of company code &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_ACCR_DB007 - No reconciliation key for fiscal year &2 in period &3 of company code &1 ?

  The SAP error message FARR_ACCR_DB007 indicates that there is no reconciliation key for a specified fiscal year and period in a particular company code. This error typically arises in the context of the Asset Accounting (FI-AA) module, particularly when dealing with accruals and deferrals.
  Cause:
  
  
  Missing Reconciliation Key: The primary cause of this error is that the system cannot find a reconciliation key for the specified fiscal year and period. This could be due to:
  
  The reconciliation key not being defined in the system for the specified company code.
  The reconciliation key being incorrectly configured or missing in the relevant configuration settings.
  The fiscal year or period being closed or not properly set up in the system.
  
  
  
  Configuration Issues: There may be issues with the configuration of the Asset Accounting settings, particularly related to the reconciliation accounts.
  
  
  Data Entry Errors: Incorrect data entry when posting transactions can also lead to this error.
  
  
  Solution:
  
  
  Check Reconciliation Key Configuration:
  
  Go to the configuration settings in SAP and verify that the reconciliation key is defined for the specified company code, fiscal year, and period.
  Ensure that the reconciliation key is correctly assigned to the relevant accounts.
  
  
  
  Review Fiscal Year and Period Settings:
  
  Check if the fiscal year and period are open for posting. If they are closed, you may need to open them or post to a different period.
  Ensure that the fiscal year variant is correctly assigned to the company code.
  
  
  
  Transaction Data Review:
  
  Review the transactions that were posted in the specified period to ensure that they are valid and correctly entered.
  Check for any inconsistencies or errors in the posted documents.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on the reconciliation key and its configuration.
  
  
  
  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: You may use transaction codes like OB52 to check and manage posting periods, and SPRO to access configuration settings.
  SAP Notes: Look for relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed.
  
  By following these steps, you should be able to identify the root cause of the error and implement the necessary solutions to resolve it.