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

FARR_CONTRACT_MAIN774 - Overview

• 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