How To Fix FARR_CONTRACT_MAIN040 - Start date of right of return not specified for performance obligation &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_CONTRACT_MAIN - Revenue Accounting: Contract Management

• Message number: 040

• Message text: Start date of right of return not specified for performance obligation &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_CONTRACT_MAIN040 - Start date of right of return not specified for performance obligation &1 ?

  The SAP error message FARR_CONTRACT_MAIN040 indicates that the start date for the right of return is not specified for a performance obligation in a contract. This error typically arises in the context of revenue recognition and contract management, particularly when dealing with performance obligations that include rights of return.
  Cause:
  The error occurs when:
  
  A performance obligation is created in a contract that includes a right of return.
  The system expects a start date for this right of return to be specified, but it is missing or not properly configured.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check the Contract Configuration:
  
  Navigate to the contract in question and review the performance obligations associated with it.
  Ensure that the right of return is correctly defined and that all necessary fields are filled out.
  
  
  
  Specify the Start Date:
  
  If the right of return is applicable, make sure to specify the start date for the right of return in the contract. This is usually done in the contract management or sales order management module.
  You may need to edit the performance obligation to include the start date.
  
  
  
  Review Customization Settings:
  
  If you are using custom configurations or enhancements, ensure that they are not interfering with the standard behavior of the system regarding performance obligations and rights of return.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on handling performance obligations and rights of return in your version of SAP.
  
  
  
  Testing:
  
  After making the necessary changes, test the contract again to ensure that the error is resolved and that the performance obligation is processed correctly.
  
  
  
  Related Information:
  
  Performance Obligations: These are commitments in a contract to transfer goods or services to a customer. In the context of rights of return, they may require specific handling in terms of revenue recognition.
  Rights of Return: This refers to the customer's ability to return goods after purchase, which can affect revenue recognition and accounting practices.
  SAP Modules: This error is typically encountered in modules related to Sales and Distribution (SD), Financial Accounting (FI), and Contract Accounts Receivable and Payable (FI-CA).
  
  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 contract management and revenue recognition.