How To Fix FARR_APPLICATION007 - Contract &1 could not be enabled for Advanced Valuation in test run

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_APPLICATION - General Revenue Accounting Applications and Code

• Message number: 007

• Message text: Contract &1 could not be enabled for Advanced Valuation in test run

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_APPLICATION007 - Contract &1 could not be enabled for Advanced Valuation in test run ?

  The SAP error message FARR_APPLICATION007 indicates that a specific contract (denoted by &1) could not be enabled for Advanced Valuation during a test run. This error typically arises in the context of SAP's Flexible Real Estate Management (RE-FX) or similar modules where advanced valuation processes are utilized.
  Causes:
  
  Contract Status: The contract may not be in a status that allows for advanced valuation. For example, it might be in a draft or inactive state.
  Missing Data: Required data for the contract may be missing or incomplete, preventing the system from processing the valuation.
  Configuration Issues: There may be configuration settings in the system that are not correctly set up for advanced valuation.
  Authorization Issues: The user may not have the necessary authorizations to perform the action.
  Test Run Restrictions: The system may have restrictions on what can be processed in a test run, leading to this error.
  
  Solutions:
  
  Check Contract Status: Ensure that the contract is in an appropriate status for advanced valuation. If it is not, change the status accordingly.
  Complete Required Data: Review the contract details and ensure that all necessary fields are filled out correctly. This includes financial data, valuation parameters, and any other relevant information.
  Review Configuration: Check the configuration settings related to advanced valuation in the system. Ensure that all necessary settings are correctly configured.
  User Authorizations: Verify that the user attempting to enable the contract has the necessary authorizations. If not, contact your system administrator to obtain the required permissions.
  Run in Production Mode: If the error is specific to a test run, consider running the process in production mode to see if the issue persists.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as RECN (Contract Management) or REIS (Real Estate Information System) that may help in managing contracts.
  SAP Notes: Check for any SAP Notes related to this error message. SAP frequently releases notes that provide fixes or workarounds for known issues.
  Documentation: Review the SAP documentation for Advanced Valuation to understand the prerequisites and configuration settings required for successful execution.
  Support: If the issue persists after trying the above solutions, consider reaching out to SAP support for further assistance.
  
  By following these steps, you should be able to identify the root cause of the error and implement a solution to enable the contract for advanced valuation.