How To Fix FARR_CONTRACT_MAIN128 - Event type is required for performance obligation &1

FARR_CONTRACT_MAIN128 - Overview

• Message type: E = Error

• Message class: FARR_CONTRACT_MAIN - Revenue Accounting: Contract Management

• Message number: 128

• Message text: Event type is required for performance obligation &1

What causes this issue?

Performance obligation &V1& is a time-based and leading performance
obligation and has its start date type set to type 3. In this case, the
performance obligation is to be fulfilled over a period of time that
starts from the date of an event. Therefore, the event type is required.

System Response

The system prevents the change from being made to the performance
obligation.

How to fix this error?

You can choose one of the following options:
If the performance obligation is to be fulfilled over a period of time
that starts from a fixed date, you do not need an event type but have to
set the start date type to one other than type 3.
If the performance obligation is to be fulfilled over a period of time
that starts from the date of an event, specify an event type.
If the performance obligation is not to be fulfilled over a period of
time, specify a fulfillment type other than "time-based".

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_CONTRACT_MAIN128 - Details

• The SAP error message FARR_CONTRACT_MAIN128 indicates that an event type is required for a performance obligation in the context of contract management, particularly in the SAP Revenue Accounting and Reporting (RAR) module. This error typically arises when there is an attempt to process a contract or performance obligation that lacks the necessary event type information.
  
  Cause:
  
  Missing Event Type: The performance obligation is defined in the system, but it does not have an associated event type. Event types are crucial for tracking and managing the performance obligations in revenue recognition.
  
  Configuration Issues: There may be a configuration issue in the RAR settings where the event types are not properly defined or linked to the performance obligations.
  Data Entry Errors: During the creation or modification of the contract or performance obligation, the event type may not have been entered or selected.
  
  
  Solution:
  
  
  Check Performance Obligation Configuration:
  
  Navigate to the configuration settings for performance obligations in the RAR module.
  Ensure