How To Fix FARR_ACCR_MAIN058 - Cannot calculate the contract liab. and contract asset for contract &1.

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_ACCR_MAIN - Revenue Accounting - Accrual Management

• Message number: 058

• Message text: Cannot calculate the contract liab. and contract asset for contract &1.

What causes this issue?

Revenue Accounting cannot calculate the contract liability and contract
asset for contract &V1& because it has uncalculated contract liability
and contract asset before accounting period &V2& &V3&.

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?

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_MAIN058 - Cannot calculate the contract liab. and contract asset for contract &1. ?

  The SAP error message FARR_ACCR_MAIN058 indicates that the system is unable to calculate the contract liability and contract asset for a specific contract (denoted by &1). This error typically arises in the context of contract accounting and revenue recognition processes within SAP, particularly in the SAP S/4HANA or SAP ERP systems.
  Causes:
  
  Missing or Incomplete Data: The contract may be missing essential data required for the calculation, such as contract terms, billing plans, or relevant accounting entries.
  Configuration Issues: There may be configuration issues in the contract accounting settings, such as incorrect settings in the revenue recognition or contract management modules.
  Posting Period Issues: The posting period may be closed or not open for the relevant transactions, preventing the calculation from being executed.
  Inconsistent Data: There may be inconsistencies in the data related to the contract, such as mismatched amounts or incorrect account assignments.
  Technical Issues: There could be underlying technical issues, such as program errors or missing updates in the SAP system.
  
  Solutions:
  
  Check Contract Data: Review the contract details to ensure that all necessary information is complete and accurate. Look for missing billing plans, terms, or other relevant data.
  Review Configuration: Verify the configuration settings in the contract accounting and revenue recognition areas. Ensure that all necessary settings are correctly defined.
  Open Posting Period: Check the posting periods in the system to ensure that the relevant period is open for posting. If it is closed, you may need to open it or adjust the transaction date.
  Data Consistency Check: Run consistency checks on the contract data to identify and resolve any inconsistencies. This may involve checking related accounting entries and ensuring they align with the contract terms.
  Consult SAP Notes: Look for relevant SAP Notes or updates that may address known issues related to this error message. Applying the latest patches or updates may resolve the issue.
  Debugging: If you have access to technical resources, consider debugging the program to identify the exact point of failure and gather more information about the error.
  
  Related Information:
  
  Transaction Codes: You may want to use transaction codes like FARR (Contract Accounting) or FBL1N (Vendor Line Item Display) to investigate further.
  SAP Documentation: Refer to SAP Help documentation for detailed information on contract accounting and revenue recognition processes.
  Support: If the issue persists, consider reaching out to SAP support or your internal SAP support team for assistance.
  
  By following these steps, you should be able to identify the root cause of the error and implement a solution to resolve it.