How To Fix FARR_CONTRACT_MAIN412 - Start calculating contract liability/asset at &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_CONTRACT_MAIN - Revenue Accounting: Contract Management

• Message number: 412

• Message text: Start calculating contract liability/asset at &1

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.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_CONTRACT_MAIN412 - Start calculating contract liability/asset at &1 ?

  The SAP error message FARR_CONTRACT_MAIN412 typically indicates an issue related to the calculation of contract liabilities or assets in the context of contract accounting. This error can occur in the SAP system when there is a problem with the data or configuration related to the contract accounting process.
  Cause:
  
  
  Missing or Incomplete Data: The error may arise if the necessary data for calculating the contract liability or asset is missing or incomplete. This could include missing contract details, incorrect account assignments, or incomplete configuration settings.
  
  
  Configuration Issues: There may be issues with the configuration of the contract accounting settings in the SAP system. This could involve incorrect settings in the contract management module or related financial accounting settings.
  
  
  Incorrect Posting Period: The error might occur if the posting period is closed or if there are inconsistencies in the fiscal year settings.
  
  
  Authorization Issues: Sometimes, the user may not have the necessary authorizations to perform the calculation, leading to this error.
  
  
  Solution:
  
  
  Check Data Completeness: Verify that all necessary data for the contract is complete. This includes checking contract details, account assignments, and any other relevant information.
  
  
  Review Configuration Settings: Ensure that the configuration for contract accounting is set up correctly. This may involve checking the settings in the contract management module and ensuring that they align with the business requirements.
  
  
  Open Posting Period: If the error is related to the posting period, check the status of the posting periods in the system. Ensure that the relevant posting period is open for transactions.
  
  
  User Authorizations: Verify that the user has the necessary authorizations to perform the calculation. If not, the user may need to be granted additional permissions.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on the error message. This may provide additional insights into the cause and potential solutions.
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error. SAP frequently releases updates and patches that can resolve known issues.
  
  
  Contact SAP Support: If the issue persists after checking the above points, consider reaching out to SAP support for further assistance. They can provide more detailed troubleshooting based on the specific configuration and data in your system.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FARR (Contract Accounting) and FBL1N (Vendor Line Item Display) that may help in navigating the contract accounting module.
  Documentation: Review the SAP Help Portal for detailed documentation on contract accounting and related processes.
  Community Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, providing insights or solutions from other users.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.