How To Fix FARR_ACCR_UI032 - No In-Closing rev. acct period found for co. cd &1 acct principle &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_ACCR_UI - Revenue Accounting - Accrual Management

• Message number: 032

• Message text: No In-Closing rev. acct period found for co. cd &1 acct principle &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_ACCR_UI032 - No In-Closing rev. acct period found for co. cd &1 acct principle &2 ?

  The SAP error message FARR_ACCR_UI032 indicates that there is no in-closing revenue accounting period found for the specified company code and account principle. This error typically arises in the context of revenue recognition and accounting processes within SAP's Revenue Accounting and Reporting (RAR) module.
  Cause:
  
  
  Missing Closing Period: The error suggests that the system cannot find an open or valid accounting period for the specified company code and account principle. This could be due to:
  
  The accounting period being closed in the system.
  The configuration for the revenue accounting periods not being set up correctly.
  The account principle not being assigned to the correct periods.
  
  
  
  Configuration Issues: There may be issues with the configuration settings in the RAR module, particularly related to the fiscal year variant or the periods defined for revenue recognition.
  
  
  Data Entry Errors: Incorrect data entry when trying to process revenue accounting transactions could lead to this error.
  
  
  Solution:
  
  
  Check Accounting Periods:
  
  Go to the transaction code OB52 to check the status of the accounting periods for the specified company code. Ensure that the period is open for posting.
  If the period is closed, you may need to open it temporarily to process the required transactions.
  
  
  
  Review Configuration:
  
  Check the configuration settings for revenue accounting in the RAR module. Ensure that the account principles are correctly assigned to the relevant periods.
  Use transaction code SPRO to navigate to the configuration settings and verify the fiscal year variant and period settings.
  
  
  
  Assign Account Principles:
  
  Ensure that the account principle in question is correctly assigned to the company code and that it has valid periods defined for revenue recognition.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or notes related to the FARR module for any specific guidance on this error message.
  
  
  
  Testing:
  
  After making any changes, perform a test transaction to ensure that the error does not reoccur.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OB52: Change View "Open and Close Posting Periods"
  SPRO: SAP Reference IMG for configuration settings
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  User Roles: Ensure that the user has the necessary authorizations to access and modify the accounting periods and configurations.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in the RAR module for further assistance.