How To Fix FARR_CONTRACT_MAIN147 - Performance obligation &1 is not time-based as expected

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_CONTRACT_MAIN - Revenue Accounting: Contract Management

• Message number: 147

• Message text: Performance obligation &1 is not time-based as expected

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_CONTRACT_MAIN147 - Performance obligation &1 is not time-based as expected ?

  The SAP error message FARR_CONTRACT_MAIN147 indicates that there is an issue with the performance obligation in a contract not being time-based as expected. This error typically arises in the context of SAP's Revenue Accounting and Reporting (RAR) module, which is used to manage revenue recognition in compliance with accounting standards such as IFRS 15 and ASC 606.
  Cause:
  The error occurs when the system expects a performance obligation to be time-based (i.e., recognized over a period of time), but the configuration or data for that performance obligation does not meet this requirement. This can happen due to several reasons:
  
  Incorrect Configuration: The performance obligation may not be set up correctly in the system, leading to a mismatch in expectations.
  Data Entry Errors: There may be incorrect or incomplete data entered for the performance obligation, such as missing start or end dates.
  Contract Structure: The structure of the contract may not align with the expected time-based recognition, possibly due to the way the contract items are defined.
  Business Rules: The business rules defined in the system may not align with the actual performance obligations.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Review Performance Obligation Configuration:
  
  Check the configuration of the performance obligation in the RAR module. Ensure that it is set up as a time-based obligation if that is the intended recognition method.
  
  
  
  Verify Contract Data:
  
  Review the contract data associated with the performance obligation. Ensure that all necessary fields, such as start and end dates, are correctly filled out.
  
  
  
  Check Contract Structure:
  
  Analyze the structure of the contract to ensure that it aligns with the expected time-based recognition. If necessary, adjust the contract items to reflect the correct structure.
  
  
  
  Consult Business Rules:
  
  Review the business rules defined in the system to ensure they are appropriate for the performance obligations being processed.
  
  
  
  Testing:
  
  After making adjustments, perform testing to ensure that the changes resolve the error and that the performance obligation is recognized as expected.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on configuring performance obligations and resolving related errors.
  
  
  
  Seek Support:
  
  If the issue persists, consider reaching out to SAP support or consulting with an SAP expert who specializes in the RAR module for further assistance.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  Training and Documentation: Review training materials or documentation related to the RAR module to better understand performance obligations and their configurations.
  Community Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to identify the root cause of the error and implement a solution to resolve it.