How To Fix FARR_CONTRACT_MAIN774 - Local currency &1 &2 of perf. oblig. &3 (condition &4) is inconsistent.

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_CONTRACT_MAIN - Revenue Accounting: Contract Management

• Message number: 774

• Message text: Local currency &1 &2 of perf. oblig. &3 (condition &4) is inconsistent.

What causes this issue?

The local currency &v1& &v2& of performance obligation &v3& (condition
&v4&) is different from what is configured in IMG.

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

System Response

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_CONTRACT_MAIN774 - Local currency &1 &2 of perf. oblig. &3 (condition &4) is inconsistent. ?

  The SAP error message FARR_CONTRACT_MAIN774 indicates that there is an inconsistency in the local currency of a performance obligation in a contract. This error typically arises in the context of contract accounting or revenue recognition processes, particularly when dealing with performance obligations in SAP S/4HANA or SAP ERP systems.
  Cause:
  The error can be caused by several factors, including:
  
  Currency Mismatch: The local currency of the performance obligation does not match the expected currency in the contract or the related conditions.
  Configuration Issues: There may be configuration issues in the contract accounting settings or in the currency settings for the relevant documents.
  Data Entry Errors: Incorrect data entry during the creation or modification of contracts or performance obligations can lead to inconsistencies.
  Changes in Currency Settings: If there have been changes in the currency settings or exchange rates, it may lead to inconsistencies in the existing data.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Currency Settings:
  
  Verify the local currency settings for the contract and the performance obligation. Ensure that they are consistent and match the expected values.
  
  
  
  Review Performance Obligation:
  
  Go to the performance obligation in question and check the details, including the condition records. Ensure that the currency is correctly defined.
  
  
  
  Analyze Related Documents:
  
  Check related documents (like sales orders, invoices, etc.) to ensure that the currency settings are consistent across all related transactions.
  
  
  
  Adjust Configuration:
  
  If necessary, review the configuration settings in the contract accounting area. Ensure that the currency settings are correctly defined in the system.
  
  
  
  Data Correction:
  
  If you identify any incorrect entries, correct them in the relevant documents or master data.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or notes related to this error message for any specific guidance or patches that may address the issue.
  
  
  
  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: You may use transaction codes like FARR (Contract Accounting) or FBL1N (Vendor Line Item Display) to investigate the related documents.
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or solutions for this specific error message.
  Testing: After making changes, perform tests to ensure that the error is resolved and that the performance obligations are processed correctly.
  
  By following these steps, you should be able to identify and resolve the inconsistency causing the error message FARR_CONTRACT_MAIN774.