How To Fix FARR_ACCR_MAIN246 - Contract &1 balance of trans. and local currency have different signs

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_ACCR_MAIN - Revenue Accounting - Accrual Management

• Message number: 246

• Message text: Contract &1 balance of trans. and local currency have different signs

What causes this issue?

The contract balance amount in transaction currency and local currency
have different signs in the migration phase.

System Response

The liability asset calculation for the contract in the migration period
failed.

How to fix this error?

The program FARR_ED_MIGRATION_CALC must be executed before the system is
switch to the production phase.

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_MAIN246 - Contract &1 balance of trans. and local currency have different signs ?

  The SAP error message FARR_ACCR_MAIN246 indicates that there is a discrepancy between the transaction currency and the local currency for a specific contract. Specifically, it means that the balance of the contract in transaction currency and local currency have different signs, which is not allowed in the system.
  Cause:
  
  Currency Mismatch: The most common cause of this error is that the amounts recorded in the transaction currency and local currency are not aligned correctly. For example, if the transaction currency shows a positive balance while the local currency shows a negative balance (or vice versa), this error will occur.
  Incorrect Posting: There may have been an incorrect posting or adjustment made to the contract that resulted in this discrepancy.
  Currency Conversion Issues: If there are issues with currency conversion rates or settings, it could lead to inconsistencies in how balances are displayed in different currencies.
  
  Solution:
  
  Review Contract Balances: Check the balances of the contract in both transaction and local currencies. Ensure that they are consistent and that the signs match.
  Correct Posting Errors: If you identify any incorrect postings, you may need to reverse or adjust those entries to correct the balances.
  Check Currency Settings: Verify the currency settings in the contract and ensure that the conversion rates are correctly defined and applied.
  Use Transaction Codes: Utilize relevant transaction codes (like FBL1N, FBL3N, or others) to analyze the postings related to the contract and identify where the discrepancy is occurring.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling this error in your version of SAP.
  Contact Support: If the issue persists and you cannot identify the cause, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  Related Information:
  
  Transaction Currency: The currency in which the transaction is originally recorded.
  Local Currency: The currency that is set as the default for the company code or the entity in SAP.
  SAP Modules: This error is typically related to the SAP Financial Accounting (FI) and Asset Accounting (AA) modules.
  Error Handling: Familiarize yourself with SAP error handling procedures to efficiently resolve issues like this in the future.
  
  By following these steps, you should be able to identify and resolve the issue causing the FARR_ACCR_MAIN246 error message.