How To Fix FARR_CONTRACT_MAIN702 - Start date (&3) is later than last successful reconcltn. (&4), co.code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_CONTRACT_MAIN - Revenue Accounting: Contract Management

• Message number: 702

• Message text: Start date (&3) is later than last successful reconcltn. (&4), co.code &1

What causes this issue?

This reconciliation report requires that the specified start date is no
later than the date when the reconciliation was last run and found no
differences. This is to make sure that you leave no gap between two
reconciliation runs.
Date of last successful reconciliation run: &V4&
Date that you have specified: &V3&
Company code: &V1&
Accounting principle: &V2&

System Response

The system prevents you from continuing.

How to fix this error?

Specify a start date that is no later than the last successful
reconciliation run.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_CONTRACT_MAIN702 - Start date (&3) is later than last successful reconcltn. (&4), co.code &1 ?

  The SAP error message FARR_CONTRACT_MAIN702 indicates that there is an issue with the start date of a contract in the context of the reconciliation process. Specifically, the error states that the start date (&3) is later than the last successful reconciliation date (&4) for the company code (&1). This typically occurs in the context of contract accounting or asset accounting within SAP.
  Cause:
  
  Date Mismatch: The start date of the contract is set to a date that is after the last successful reconciliation date. This means that the system is trying to process a contract that is not valid for the period of the last reconciliation.
  Incorrect Configuration: There may be a configuration issue in the contract settings or in the reconciliation process that is causing this mismatch.
  Data Entry Error: The start date of the contract may have been entered incorrectly, leading to this inconsistency.
  
  Solution:
  
  Check Contract Dates: Review the start date of the contract and ensure that it is set to a date that is on or before the last successful reconciliation date. If necessary, adjust the start date.
  Review Reconciliation Dates: Check the last successful reconciliation date for the company code in question. Ensure that it is accurate and reflects the correct period.
  Adjust Configuration: If the issue is due to configuration settings, consult with your SAP administrator or functional consultant to review the settings related to contract accounting and reconciliation.
  Data Correction: If the start date was entered incorrectly, correct the data in the contract to align with the reconciliation dates.
  Consult Documentation: Refer to SAP documentation or help resources for further guidance on contract accounting and reconciliation processes.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as FARR (Contract Accounting) or S_ALR_87012086 (for reconciliation reports) to investigate further.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  User Roles: Ensure that you have the appropriate permissions to make changes to contracts and reconciliation settings in SAP.
  
  If the issue persists after following these steps, it may be beneficial to engage with SAP support or your internal IT team for further assistance.