How To Fix FARR_CONTR_LIFECYCLE067 - Contr. &1 cannot be terminated early in closed periods.

FARR_CONTR_LIFECYCLE067 - Overview

• Message type: E = Error

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

• Message number: 067

• Message text: Contr. &1 cannot be terminated early in closed periods.

What causes this issue?

Early termination of a revenue accounting contract cannot be performed
if the effective date is in a closed period.

System Response

The change process of this contract is terminated.

How to fix this error?

The effective date must be verified.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

FARR_CONTR_LIFECYCLE067 - Details

• The SAP error message FARR_CONTR_LIFECYCLE067 indicates that a contract (in this case, identified by &1) cannot be terminated early because it is in a closed period. This typically occurs in the context of contract accounting or asset accounting, where certain financial periods are closed for posting to ensure data integrity and compliance with accounting standards.
  
  Cause:
  
  Closed Period: The primary reason for this error is that the financial period in which the contract is being processed has been closed. In SAP, once a period is closed, no further postings can be made to that period.
  Contract Lifecycle Management: The contract may have specific lifecycle rules that prevent early termination if certain conditions are not met, such as financial postings or dependencies on other contracts or transactions.
  
  
  Solution:
  
  
  Open the Period: If it is necessary to terminate the contract early, you may need to open the closed period. This can be done by:
  
  Navigating to the period