How To Fix FARR_ACCR_MAIN055 - You cannot transfer revenue of contract &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_ACCR_MAIN - Revenue Accounting - Accrual Management

• Message number: 055

• Message text: You cannot transfer revenue of contract &1

What causes this issue?

You cannot transfer revenue of contract &v1& because the contract has
untransferred revenue in the previous periods.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Run <ZK>Transfer Revenue</> to transfer revenue of contract &v1& in the
period &v2&.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_ACCR_MAIN055 - You cannot transfer revenue of contract &1 ?

  The SAP error message FARR_ACCR_MAIN055 indicates that there is an issue with transferring revenue for a specific contract in the SAP system. This error typically arises in the context of contract accounting or revenue recognition processes, particularly when dealing with contracts that have specific conditions or statuses that prevent the transfer of revenue.
  Causes:
  
  Contract Status: The contract may be in a status that does not allow revenue transfer (e.g., it might be closed, inactive, or not fully executed).
  Incomplete Data: Required data for the contract may be missing or incomplete, preventing the system from processing the revenue transfer.
  Configuration Issues: There may be configuration settings in the SAP system that restrict revenue transfer for certain types of contracts or under specific conditions.
  Posting Period: The posting period for the revenue transfer may be closed or not open for posting.
  Revenue Recognition Rules: The revenue recognition rules set up for the contract may not allow for the transfer of revenue at this time.
  
  Solutions:
  
  Check Contract Status: Verify the status of the contract in question. If it is closed or inactive, you may need to reactivate it or create a new contract.
  Review Contract Data: Ensure that all required fields and data for the contract are filled out correctly. Look for any missing information that could be causing the issue.
  Configuration Review: Consult with your SAP configuration team to review the settings related to revenue transfer for contracts. Ensure that the configuration aligns with your business processes.
  Open Posting Period: Check the posting periods in the system to ensure that the current period is open for posting. If it is closed, you may need to open it or wait until the next period.
  Revenue Recognition Settings: Review the revenue recognition settings for the contract to ensure they are set up correctly and allow for the transfer of revenue.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as FARR (Contract Accounting) or FBL1N (Vendor Line Item Display) to investigate further.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error message or provide additional guidance.
  Documentation: Refer to SAP documentation on contract accounting and revenue recognition for more detailed information on how these processes work and any prerequisites that must be met.
  
  If the issue persists after checking these areas, it may be beneficial to consult with your SAP support team or reach out to SAP support for further assistance.