How To Fix FARR_ACCR_MAIN029 - Contr. liabilities and assets are not relevant to accounting principle &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_ACCR_MAIN - Revenue Accounting - Accrual Management

• Message number: 029

• Message text: Contr. liabilities and assets are not relevant to accounting principle &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_ACCR_MAIN029 - Contr. liabilities and assets are not relevant to accounting principle &1 ?

  The SAP error message FARR_ACCR_MAIN029 indicates that there is a mismatch between the accounting principles and the configuration of the relevant liabilities and assets in the system. Specifically, it suggests that the liabilities and assets in question are not relevant to the specified accounting principle.
  Cause:
  
  Configuration Issues: The accounting principles may not be properly configured to include the specific liabilities and assets you are trying to process.
  Incorrect Accounting Principle: The accounting principle being used may not be applicable to the transaction or the specific financial objects involved.
  Master Data Settings: The master data for the assets or liabilities may not be set up correctly, leading to them being excluded from the accounting principle.
  Transaction Type: The transaction type being used may not be compatible with the accounting principle.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings for the accounting principles in SAP (Transaction code: SPRO).
  Ensure that the relevant liabilities and assets are included in the configuration for the accounting principle you are using.
  
  
  
  Review Accounting Principles:
  
  Verify that the accounting principle you are using is appropriate for the transaction. You may need to switch to a different accounting principle that includes the relevant liabilities and assets.
  
  
  
  Master Data Review:
  
  Check the master data settings for the assets and liabilities involved. Ensure that they are correctly assigned to the appropriate accounting principles.
  
  
  
  Transaction Type Validation:
  
  Ensure that the transaction type you are using is compatible with the accounting principle. You may need to adjust the transaction type or use a different one that aligns with the accounting principle.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for further insights into the specific accounting principles and their configurations.
  
  
  
  Testing:
  
  After making changes, perform a test transaction to ensure that the error does not reoccur.
  
  
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  SPRO: Customizing settings
  OADB: Configuration of accounting principles
  OAMK: Asset master data configuration
  
  
  User Roles: Ensure that you have the necessary permissions to make changes to the configuration and master data.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a consultant who specializes in SAP Financial Accounting.