How To Fix FARR_CONTRACT_MAIN421 - Posted revenue for performance obligation &1 is not specified

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_CONTRACT_MAIN - Revenue Accounting: Contract Management

• Message number: 421

• Message text: Posted revenue for performance obligation &1 is not specified

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_CONTRACT_MAIN421 - Posted revenue for performance obligation &1 is not specified ?

  The SAP error message FARR_CONTRACT_MAIN421 indicates that there is an issue with the posted revenue for a performance obligation in a contract. Specifically, it means that the system cannot find the specified revenue for the performance obligation identified by the placeholder &1.
  Cause:
  
  Missing Revenue Posting: The revenue for the specified performance obligation has not been posted yet.
  Incorrect Configuration: There may be configuration issues in the contract management or revenue recognition settings.
  Data Inconsistency: There could be inconsistencies in the data related to the performance obligation, such as missing or incorrect entries in the relevant tables.
  Incomplete Contract Setup: The contract may not be fully set up, leading to missing information required for revenue recognition.
  
  Solution:
  
  Check Revenue Posting: Verify if the revenue for the specified performance obligation has been posted. If not, you may need to post the revenue manually or ensure that the relevant processes are executed correctly.
  Review Contract Configuration: Ensure that the contract and performance obligation are correctly configured in the system. Check the settings related to revenue recognition and performance obligations.
  Data Validation: Validate the data associated with the performance obligation. Check for any missing or incorrect entries in the relevant tables (e.g., contract tables, revenue recognition tables).
  Reprocess Revenue Recognition: If the revenue posting is missing due to a previous error, you may need to reprocess the revenue recognition for the contract.
  Consult Documentation: Refer to SAP documentation or notes related to revenue recognition and performance obligations for any specific guidance or updates that may address this issue.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like FARR (for revenue recognition) or FBL1N (for vendor line items) to investigate further.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Support: If the issue persists, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  By following these steps, you should be able to identify the root cause of the error and implement the necessary solutions to resolve it.