How To Fix FARR_CONTRACT_MAIN721 - &1 performance obligations have been found

FARR_CONTRACT_MAIN721 - Overview

• Message type: E = Error

• Message class: FARR_CONTRACT_MAIN - Revenue Accounting: Contract Management

• Message number: 721

• Message text: &1 performance obligations have been found

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_MAIN721 - &1 performance obligations have been found ?

  The SAP error message FARR_CONTRACT_MAIN721 typically indicates that there are performance obligations associated with a contract that need to be addressed. This error is often encountered in the context of SAP's Revenue Accounting and Reporting (RAR) module, which is used to manage revenue recognition in compliance with accounting standards such as IFRS 15 and ASC 606.
  
  Cause:
  The error message suggests that there are performance obligations linked to a contract that have not been fully processed or recognized. This can occur due to several reasons, including:
  
  Incomplete Data: The contract may not have all the necessary data filled out, or there may be missing information related to performance obligations.
  Unprocessed Transactions: There may be transactions related to the contract that have not been processed, leading to outstanding performance obligations.
  
  Configuration Issues: There could be issues with the configuration of the RAR module or the contract management settings in SAP.
  Status of Performance Obligations: The performance obligations