How To Fix FARR_CONTRACT_MAIN703 - Differences found for co. code &1 acct. principle &2, from &3 to &4

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_CONTRACT_MAIN - Revenue Accounting: Contract Management

• Message number: 703

• Message text: Differences found for co. code &1 acct. principle &2, from &3 to &4

What causes this issue?

You ran the reconciliation report for company code &V1& and accounting
principle &V2& for the time period from &V3& to &V4&. The reconciliation
report has found differences.

System Response

The system reports the differences.

How to fix this error?

Run the FARR_RAI_PROC transaction to reprocess the data originated by
the operational system.

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_MAIN703 - Differences found for co. code &1 acct. principle &2, from &3 to &4 ?

  The SAP error message FARR_CONTRACT_MAIN703 indicates that there are differences found in the account principles for a specific company code and account principle range. This error typically arises in the context of contract management or asset accounting, particularly when there are inconsistencies in the data related to asset contracts.
  Cause:
  The error message is triggered when the system detects discrepancies in the account principles for a specified company code and account principle range. This can occur due to several reasons, including:
  
  Data Inconsistencies: There may be inconsistencies in the configuration of account principles in the system.
  Changes in Configuration: Recent changes to the account principles or company code settings may not have been properly updated or reflected in the relevant contracts.
  Incorrect Data Entry: Manual data entry errors in the contract or asset master data can lead to mismatches.
  Missing or Incorrect Settings: The account principles may not be correctly defined for the specified company code.
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for account principles in the SAP system.
  Ensure that the account principles are correctly defined for the specified company code.
  
  
  
  Review Contract Data:
  
  Check the specific contract or asset that is causing the error.
  Look for any discrepancies in the account principles assigned to the contract.
  
  
  
  Update or Correct Data:
  
  If you find any inconsistencies, update the contract or asset data to align with the correct account principles.
  Ensure that all relevant fields are filled out correctly.
  
  
  
  Run Consistency Checks:
  
  Use transaction codes like AO90 (for asset accounting) or other relevant transactions to run consistency checks on the data.
  This can help identify any other potential issues that may need to be addressed.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or notes related to this error message for any specific guidance or patches that may be applicable.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS01 (Create Asset), AS02 (Change Asset), and AO90 (Check Asset).
  SAP Notes: Check for any SAP Notes that may address this specific error message or provide additional troubleshooting steps.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed.
  
  By following these steps, you should be able to identify and resolve the cause of the FARR_CONTRACT_MAIN703 error message in your SAP system.