How To Fix FARR_ACCR_MAIN038 - Revenue accounting period setting not defined for CoCd &1 AcctPr. &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_ACCR_MAIN - Revenue Accounting - Accrual Management

• Message number: 038

• Message text: Revenue accounting period setting not defined for CoCd &1 AcctPr. &2

What causes this issue?

In the Revenue Accounting Period settings, no items are defined for the
combination of company code &V1& and accounting principle &V2&.

System Response

The system cannot proceed to create a reconciliation key for certain
revenue-related transactions.

How to fix this error?

Check the
<DS:SIMG.FARR_CLOSE>Open and Close Revenue Accounting Periods</>
settings in Customizing and make sure the corresponding combinations of
company code and accounting principle are assigned a value.

Procedure for System Administrators

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_ACCR_MAIN038 - Revenue accounting period setting not defined for CoCd &1 AcctPr. &2 ?

  The SAP error message FARR_ACCR_MAIN038 indicates that there is a missing configuration for the revenue accounting period in the system. This error typically arises in the context of Revenue Accounting and Reporting (RAR) when the system attempts to process revenue recognition for a specific company code (CoCd) and accounting period (AcctPr) that has not been defined.
  Cause:
  
  Missing Configuration: The primary cause of this error is that the revenue accounting period settings have not been defined for the specified company code and accounting period.
  Incorrect Period Settings: The accounting period may not be open or may not have been set up correctly in the system.
  Data Entry Error: There may be a mistake in the data entry where the company code or accounting period is incorrectly specified.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for Revenue Accounting in SAP.
  Navigate to the path: SPRO > Financial Accounting > Revenue Accounting and Reporting > Periodic Processing > Define Revenue Accounting Periods.
  Ensure that the relevant company code and accounting period are defined and active.
  
  
  
  Open Accounting Period:
  
  Verify that the accounting period you are trying to process is open. You can check this in the transaction code OB52 (Open and Close Posting Periods).
  If the period is closed, you may need to open it for the necessary transactions.
  
  
  
  Review Master Data:
  
  Check the master data for the relevant contracts or revenue items to ensure that they are correctly assigned to the company code and that the accounting periods are valid.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or notes related to Revenue Accounting and Reporting for any specific configurations or prerequisites that may be required.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test to ensure that the error no longer occurs when processing revenue recognition.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FARR (Revenue Accounting and Reporting) and OB52 (for posting periods).
  SAP Notes: Check for any SAP Notes that may address this specific error or provide additional guidance on configuration.
  User Roles: Ensure that you have the necessary authorizations to make changes to the configuration settings.
  
  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 Revenue Accounting.