How To Fix FARR_CONTRACT_MAIN266 - POB &1 marked as contr. acquisit. cost but fulfillment type is PoC.

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_CONTRACT_MAIN - Revenue Accounting: Contract Management

• Message number: 266

• Message text: POB &1 marked as contr. acquisit. cost but fulfillment type is PoC.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_CONTRACT_MAIN266 - POB &1 marked as contr. acquisit. cost but fulfillment type is PoC. ?

  The SAP error message FARR_CONTRACT_MAIN266 indicates that there is a conflict in the configuration of a contract in the SAP system, specifically related to the fulfillment type and the acquisition cost settings. The message states that the contract item (POB &1) is marked as "contract acquisition cost," but the fulfillment type is set to "Percentage of Completion" (PoC). This inconsistency can lead to issues in processing the contract correctly.
  Cause:
  
  Configuration Mismatch: The contract item is configured to be treated as a contract acquisition cost, which typically implies that it should be recognized as a cost that is incurred upfront. However, the fulfillment type set to PoC indicates that revenue and costs should be recognized based on the progress of the project, which is not compatible with the acquisition cost treatment.
  Incorrect Settings: The settings in the contract or the project may not align with the expected accounting treatment for the type of contract being processed.
  
  Solution:
  
  Review Contract Settings: Check the settings of the contract item in question. Ensure that the fulfillment type aligns with the intended accounting treatment. If the contract is meant to be treated as PoC, it should not be marked as a contract acquisition cost.
  Change Fulfillment Type: If the contract should be treated as a contract acquisition cost, consider changing the fulfillment type from PoC to a more appropriate type that aligns with acquisition costs, such as "Completed Contract" or another relevant type.
  Consult Documentation: Review SAP documentation or configuration guides related to contract management and fulfillment types to ensure that the settings are correctly applied.
  Consult with SAP Support: If the issue persists or if there is uncertainty about the correct configuration, it may be beneficial to consult with SAP support or a qualified SAP consultant who can provide guidance based on the specific business requirements and system configuration.
  
  Related Information:
  
  Contract Management in SAP: Understanding how contracts are managed in SAP, including the different fulfillment types and their implications on accounting and reporting.
  SAP Notes and Knowledge Base: Check for any SAP Notes related to this error message for additional insights or patches that may address known issues.
  Training and Documentation: Consider training for users involved in contract management to ensure they understand the implications of different settings and how to configure contracts correctly.
  
  By addressing the configuration mismatch and ensuring that the settings align with the intended accounting treatment, you should be able to resolve the error message FARR_CONTRACT_MAIN266.