How To Fix FARR_CONTRACT_DB061 - Start date (&3) is later than last successful reconcltn. (&4), co.code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_CONTRACT_DB - Revenue Accounting - Contract DB Access

• Message number: 061

• Message text: Start date (&3) is later than last successful reconcltn. (&4), co.code &1

What causes this issue?

This reconciliation report requires that the specified start date is no
later than the date when the reconciliation was last run and found no
differences. This is to make sure that you leave no gap between two
reconciliation runs.
Date of last successful reconciliation run: &V4&
Date that you have specified: &V3&
Company code: &V1&
Accounting principle: &V2&

System Response

The system prevents you from continuing.

How to fix this error?

Specify a start date that is no later than the last successful
reconciliation run.

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.

Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_CONTRACT_DB061 - Start date (&3) is later than last successful reconcltn. (&4), co.code &1 ?

  The SAP error message FARR_CONTRACT_DB061 indicates that there is an issue with the start date of a contract in the Asset Accounting (FI-AA) module. Specifically, the error states that the start date of the contract is later than the date of the last successful reconciliation for the company code specified. This can prevent further processing of the contract.
  Cause:
  
  Date Mismatch: The start date of the contract is set to a date that is after the last successful reconciliation date. This means that the system is trying to process a contract that is not valid in the context of the existing financial data.
  Incorrect Configuration: There may be an issue with how the contract or the asset is configured in the system.
  Data Entry Error: The start date may have been entered incorrectly during the contract creation or modification process.
  
  Solution:
  
  Check Dates: Review the start date of the contract and the last successful reconciliation date for the company code. Ensure that the start date is not later than the last reconciliation date.
  Adjust Start Date: If the start date is indeed later, you may need to adjust it to a date that is earlier than or equal to the last successful reconciliation date.
  Reconcile Data: If necessary, perform a reconciliation to ensure that all financial data is up to date and accurate.
  Review Configuration: Check the configuration settings for the asset and contract to ensure they are set up correctly.
  Consult Documentation: Refer to SAP documentation or help resources for further guidance on handling contract dates and reconciliation processes.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as AS03 (Display Asset), FARR (Contract Management), or S_ALR_87012078 (Asset History Sheet) to review asset and contract details.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  User Roles: Ensure that you have the appropriate permissions to make changes to contracts and asset data in the system.
  
  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 Asset Accounting.