How To Fix FARR_CONTR_LIFECYCLE024 - Receivable adjustment account not found for contract &1.

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_CONTR_LIFECYCLE - Message from Contract Lifecyle (RAR 2.0 Object Model)

• Message number: 024

• Message text: Receivable adjustment account not found for contract &1.

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.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_CONTR_LIFECYCLE024 - Receivable adjustment account not found for contract &1. ?

  The SAP error message FARR_CONTR_LIFECYCLE024 indicates that the system cannot find a receivable adjustment account for a specific contract. This error typically occurs in the context of contract accounting, particularly in the SAP Flexible Real Estate Management (RE-FX) or Contract Accounts Receivable and Payable (FI-CA) modules.
  Cause:
  The error is usually caused by one of the following reasons:
  
  Missing Configuration: The receivable adjustment account has not been defined in the system for the specific contract type or for the relevant company code.
  Incorrect Contract Settings: The contract may not have the necessary settings or parameters configured correctly, leading to the inability to find the adjustment account.
  Master Data Issues: There may be issues with the master data related to the contract, such as missing or incorrect account assignments.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for the contract type in the SAP system.
  Ensure that the receivable adjustment account is defined for the relevant contract type and company code.
  You can check this in the transaction code SPRO under:
  Financial Accounting (New) -> Contract Accounts Receivable and Payable -> Master Data -> Define Account Determination
  
  
  
  
  Review Contract Settings:
  
  Open the contract in question and review its settings.
  Ensure that all necessary fields are filled out correctly, especially those related to account assignments.
  
  
  
  Check Master Data:
  
  Verify the master data for the contract and ensure that all required accounts are correctly assigned.
  Check if the relevant customer/vendor master data is set up correctly.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to contract accounting for any additional configuration steps that may be required.
  
  
  
  Testing:
  
  After making the necessary changes, test the contract processing again to see if the error persists.
  
  
  
  Seek Help from SAP Support:
  
  If the issue remains unresolved, consider reaching out to SAP support or consulting with an SAP expert who can provide more tailored assistance based on your specific system configuration.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FBL1N (Vendor Line Item Display), FBL5N (Customer Line Item Display), and OBYC (Automatic Account Determination) for further investigation.
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that could resolve the issue.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to identify and resolve the cause of the error message FARR_CONTR_LIFECYCLE024.