How To Fix FARR_CONTRACT_MAIN133 - Recognized Revenue acct. cannot derive from ref. acct. &1 for POB &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_CONTRACT_MAIN - Revenue Accounting: Contract Management

• Message number: 133

• Message text: Recognized Revenue acct. cannot derive from ref. acct. &1 for POB &2

What causes this issue?

None of the account determination rules that you have defined return the
<ZK>Recognized Revenue</> account as expected.

System Response

The system prevents the performance obligation and its contract from
being created or updated. The contract is listed in the Contracts with
Errors worklist for review.

How to fix this error?

Make sure that at least one of the determination rules can return a G/L
account as the <ZK>Recognized Revenue</> account. This account is
determined by the rules in the <LS>Recognized Revenue</> section.
<ZH>Note: </>This typically occurs when the attributes of the
performance obligation and the reference account do not match any of the
determination rules that you have defined for this account.

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_MAIN133 - Recognized Revenue acct. cannot derive from ref. acct. &1 for POB &2 ?

  The SAP error message FARR_CONTRACT_MAIN133 indicates that there is an issue with the recognized revenue account not being able to derive from the reference account for a specific Point of Balance (POB). This error typically occurs in the context of SAP's Revenue Accounting and Reporting (RAR) module, which is used for managing revenue recognition in compliance with accounting standards.
  Cause:
  
  Account Configuration: The recognized revenue account is not properly configured in the system. This could be due to missing or incorrect settings in the account determination configuration.
  Reference Account Issues: The reference account (&1) may not be set up correctly or may not have the necessary attributes to derive the recognized revenue account.
  POB Configuration: The Point of Balance (&2) may not be correctly linked to the appropriate accounts, or there may be inconsistencies in the POB configuration.
  Master Data Issues: There may be issues with the master data related to the contract or the revenue recognition process.
  
  Solution:
  
  
  Check Account Determination:
  
  Go to the configuration settings for account determination in the RAR module.
  Ensure that the recognized revenue account is correctly mapped to the reference account.
  Verify that the account determination procedure is correctly set up for the relevant POB.
  
  
  
  Review Reference Account:
  
  Check the configuration of the reference account (&1) in the system.
  Ensure that it has the necessary attributes and is correctly linked to the recognized revenue account.
  
  
  
  Validate POB Configuration:
  
  Review the configuration of the Point of Balance (&2) to ensure it is correctly set up.
  Check if the POB is linked to the correct accounts and that there are no inconsistencies.
  
  
  
  Master Data Review:
  
  Check the master data for the contract involved in the error.
  Ensure that all relevant fields are filled out correctly and that there are no missing or incorrect entries.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on the error message and related configurations.
  
  
  
  Testing:
  
  After making the necessary changes, perform tests to ensure that the recognized revenue account can now derive correctly from the reference account.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as OBYC (for account determination) or FARR (for revenue accounting) to access the relevant configuration settings.
  SAP Notes: Check for any SAP Notes related to this error message for additional insights or patches that may address the issue.
  Support: If the issue persists after checking the configurations, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  By following these steps, you should be able to identify and resolve the cause of the error message FARR_CONTRACT_MAIN133.