How To Fix FARR_ACCR_MAIN020 - Revenue reconciliation key &1 of company code &2 closed

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_ACCR_MAIN - Revenue Accounting - Accrual Management

• Message number: 020

• Message text: Revenue reconciliation key &1 of company code &2 closed

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_ACCR_MAIN020 - Revenue reconciliation key &1 of company code &2 closed ?

  The SAP error message FARR_ACCR_MAIN020 indicates that the revenue reconciliation key specified (denoted as &1) for the given company code (denoted as &2) is closed. This typically occurs in the context of the SAP Revenue Accounting and Reporting (RAR) module, where revenue recognition and reconciliation processes are managed.
  Cause:
  
  Closed Reconciliation Key: The reconciliation key you are trying to use has been closed, meaning that no further postings or adjustments can be made against it. This could happen if the financial period has been closed or if the reconciliation process has been finalized.
  Incorrect Key Usage: The reconciliation key may not be the correct one for the transaction you are trying to process.
  Configuration Issues: There may be configuration settings in the RAR module that prevent further postings to closed periods or keys.
  
  Solution:
  
  Check the Status of the Reconciliation Key: Verify the status of the reconciliation key in the system. You can do this by navigating to the relevant transaction in SAP and checking if the key is indeed closed.
  Use an Open Reconciliation Key: If you need to post or adjust entries, you will need to use a reconciliation key that is still open. You may need to create a new reconciliation key if necessary.
  Consult with Finance Team: If you are unsure why the key is closed or if it should be open, consult with your finance or accounting team to understand the business process and whether any adjustments can be made.
  Review Configuration Settings: If this issue is recurring, it may be worth reviewing the configuration settings in the RAR module to ensure they align with your business processes and allow for the necessary postings.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like FARR or FARR1 to access the relevant RAR functionalities.
  Documentation: Refer to SAP documentation or help files related to Revenue Accounting and Reporting for more detailed guidance on reconciliation keys and their management.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  
  If the issue persists after following these steps, it may be beneficial to reach out to SAP support for further assistance.