How To Fix FARR_CONTRACT_MAIN302 - Transfer future revenue of period &1 is not allowed.

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_CONTRACT_MAIN - Revenue Accounting: Contract Management

• Message number: 302

• Message text: Transfer future revenue of period &1 is not allowed.

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_CONTRACT_MAIN302 - Transfer future revenue of period &1 is not allowed. ?

  The SAP error message FARR_CONTRACT_MAIN302 indicates that there is an issue with transferring future revenue for a specific period in the context of contract accounting or revenue recognition. This error typically arises when there is an attempt to process or recognize revenue for a period that is beyond the current accounting period or is not allowed based on the system's configuration.
  Cause:
  
  Future Period Transfer: The error occurs when there is an attempt to transfer revenue for a period that is considered "future" by the system. This could happen if the accounting period is closed or if the period is not yet open for posting.
  Configuration Settings: The system may have specific settings that restrict the transfer of revenue to future periods. This is often a part of the revenue recognition rules or contract management settings.
  Posting Period Control: The posting period may be controlled by the fiscal year variant settings, which can restrict postings to certain periods.
  
  Solution:
  
  Check Posting Period: Verify the current posting period in the system. Ensure that the period you are trying to transfer revenue for is open and available for posting.
  Adjust Revenue Recognition: If you need to recognize revenue for a future period, you may need to adjust your revenue recognition settings or processes to allow for this. Consult with your finance team or SAP consultant to understand the implications of changing these settings.
  Review Contract Settings: Check the contract settings in the SAP system to ensure that they allow for the transfer of revenue as intended. This may involve reviewing the contract type and its associated rules.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling revenue recognition and contract accounting in your version of SAP.
  Contact SAP Support: If the issue persists and you cannot find a resolution, consider reaching out to SAP support for assistance. They can provide insights based on your specific configuration and version.
  
  Related Information:
  
  SAP Notes: Look for relevant SAP Notes that may address this specific error message or provide updates and patches that could resolve the issue.
  Transaction Codes: Familiarize yourself with transaction codes related to contract accounting and revenue recognition, such as FARR (Contract Accounting) and FBL1N (Vendor Line Item Display), to help troubleshoot and manage contracts.
  User Roles and Authorizations: Ensure that the user attempting the transfer has the necessary authorizations to perform actions related to revenue recognition and contract management.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.