How To Fix FARR_APPLICATION012 - Revenue Accounting Period Close not defined for CoCd &1 AcctPr. &2

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 012

• Message text: Revenue Accounting Period Close not defined for CoCd &1 AcctPr. &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_APPLICATION012 - Revenue Accounting Period Close not defined for CoCd &1 AcctPr. &2 ?

  The SAP error message FARR_APPLICATION012 indicates that the revenue accounting period close has not been defined for a specific company code (CoCd) and accounting period (AcctPr). This error typically arises in the context of Revenue Accounting and Reporting (RAR) when trying to perform operations that require a closed accounting period.
  Cause:
  
  Missing Configuration: The primary cause of this error is that the revenue accounting period close has not been set up for the specified company code and accounting period in the system.
  Incorrect Period: The accounting period you are trying to process may not be defined or may be outside the range of defined periods.
  System Settings: There may be issues with the system settings or configurations related to the revenue accounting module.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for Revenue Accounting in SAP.
  Navigate to the path: SPRO > Financial Accounting > Revenue Accounting and Reporting > Period Close > Define Revenue Accounting Period Close.
  Ensure that the revenue accounting period close is defined for the relevant company code and accounting period.
  
  
  
  Define Period Close:
  
  If the period close is not defined, you will need to create a new entry for the specific company code and accounting period.
  Make sure to specify the correct dates and settings that align with your financial reporting requirements.
  
  
  
  Verify Accounting Period:
  
  Check if the accounting period you are trying to process is valid and open for transactions.
  You can do this by navigating to the Financial Accounting module and checking the status of the accounting periods.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to Revenue Accounting and Reporting for any additional configuration steps that may be required.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes: You may find it useful to use transaction codes such as OB52 (to manage open and closed periods) and FARR (for Revenue Accounting and Reporting) to navigate through the relevant settings.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on configuration.
  User Roles: Ensure that you have the necessary authorizations to make changes to the configuration settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a consultant who specializes in SAP Revenue Accounting.