How To Fix FARR_CONTRACT_MAIN686 - Contract &1 cannot be marked as completed since invoice <> revenue

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_CONTRACT_MAIN - Revenue Accounting: Contract Management

• Message number: 686

• Message text: Contract &1 cannot be marked as completed since invoice <> revenue

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_CONTRACT_MAIN686 - Contract &1 cannot be marked as completed since invoice <> revenue ?

  The SAP error message FARR_CONTRACT_MAIN686 indicates that a contract cannot be marked as completed because there is a discrepancy between the invoiced amount and the recognized revenue. This typically occurs in the context of contract accounting or revenue recognition processes in SAP.
  Cause:
  
  
  Invoiced Amount vs. Recognized Revenue: The primary cause of this error is that the total amount invoiced for the contract does not match the total revenue that has been recognized in the system. This can happen if:
  
  Invoices have been created but not all revenue has been recognized.
  Revenue has been recognized for services or goods that have not yet been invoiced.
  There are discrepancies due to adjustments or corrections made after the initial invoicing.
  
  
  
  Incomplete Billing: If there are outstanding invoices or if the billing process has not been completed correctly, this can lead to the error.
  
  
  Contract Modifications: Changes made to the contract after invoicing or revenue recognition can also lead to inconsistencies.
  
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Invoices: Review the invoices related to the contract. Ensure that all invoices have been posted correctly and that there are no outstanding invoices.
  
  
  Review Revenue Recognition: Check the revenue recognition entries for the contract. Ensure that the recognized revenue matches the invoiced amounts. You can do this by:
  
  Running reports to compare invoiced amounts and recognized revenue.
  Checking the revenue recognition settings and rules applied to the contract.
  
  
  
  Adjustments: If there are discrepancies, you may need to make adjustments:
  
  If revenue has been recognized incorrectly, you may need to reverse or adjust the revenue recognition entries.
  If invoices are missing or incorrect, you may need to create or correct them.
  
  
  
  Contract Status: Ensure that the contract is in the correct status for completion. Sometimes, contracts may have specific conditions that need to be met before they can be marked as completed.
  
  
  Consult Documentation: Refer to SAP documentation or your organization's internal guidelines for handling contract accounting and revenue recognition issues.
  
  
  Seek Help from SAP Support: If the issue persists and you cannot identify the cause, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  FARR: Contract Accounting
  FBL1N: Vendor Line Item Display
  FBL3N: G/L Account Line Item Display
  FBL5N: Customer Line Item Display
  
  
  
  Reports: Use standard SAP reports to analyze contract performance, invoicing, and revenue recognition.
  
  
  Configuration Settings: Review the configuration settings for contract accounting and revenue recognition in your SAP system to ensure they align with your business processes.
  
  
  By following these steps, you should be able to identify and resolve the issue causing the error message FARR_CONTRACT_MAIN686.