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

FARR_ACCR_MAIN038 - Overview

• 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.

FARR_ACCR_MAIN038 - Details

• 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