How To Fix FARR_ACCR_UI010 - You have not performed accrual postings for earlier period for CoCode &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_ACCR_UI - Revenue Accounting - Accrual Management

• Message number: 010

• Message text: You have not performed accrual postings for earlier period for CoCode &1

What causes this issue?

You have not performed accrual postings for an earlier period for
company code &V1&

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?

For company code &V1&, perform accrual postings or test the postings
against posting 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_UI010 - You have not performed accrual postings for earlier period for CoCode &1 ?

  The SAP error message FARR_ACCR_UI010 indicates that there are no accrual postings made for an earlier period in the specified Company Code (CoCode). This error typically arises in the context of financial accounting and asset accounting, particularly when dealing with accruals and deferrals.
  Cause:
  
  
  Missing Accrual Postings: The primary cause of this error is that the system expects accrual postings to have been made for a previous period, but none exist. This can happen if:
  
  Accruals were not posted for the previous period.
  The accruals were posted incorrectly or not at all.
  The period in question has been closed, and no further postings can be made.
  
  
  
  Period Closing: If the previous period has been closed in the financial accounting module, it may prevent any further postings, including accruals.
  
  
  Configuration Issues: There may be configuration settings in the system that are not aligned with the business processes, leading to this error.
  
  
  Solution:
  
  
  Check Accrual Postings: Verify if accrual postings were made for the previous period. You can do this by:
  
  Reviewing the relevant financial documents in the system.
  Checking the accrual accounts to see if any entries exist for the period in question.
  
  
  
  Post Missing Accruals: If you find that accruals were not posted, you will need to create the necessary accrual entries for the earlier period. This may involve:
  
  Creating manual journal entries for the missing accruals.
  Using the appropriate transaction codes (e.g., FBS1 for manual postings).
  
  
  
  Period Opening: If the previous period is closed and you need to make adjustments, you may need to reopen the period temporarily to allow for the necessary postings. This should be done with caution and in accordance with your organization's policies.
  
  
  Consult with Finance Team: If you are unsure about how to proceed, consult with your finance or accounting team to ensure that any adjustments made are compliant with accounting standards and internal policies.
  
  
  Review Configuration: If this error occurs frequently, it may be worth reviewing the configuration settings in SAP related to accruals and deferrals to ensure they align with your business processes.
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  FBS1: To post a manual journal entry.
  F-02: To post general ledger entries.
  F-03: To clear open items.
  
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. SAP Notes can provide additional insights or solutions.
  
  
  Documentation: Review SAP documentation or user manuals related to accrual accounting for best practices and guidelines.
  
  
  Training: Consider training sessions for users involved in financial postings to minimize errors in the future.
  
  
  By following these steps, you should be able to resolve the error and ensure that your accrual postings are accurate and complete.