How To Fix FARR_CONTRACT_UI014 - Adding performance obligations is not possible; contract has errors

FARR_CONTRACT_UI014 - Overview

• Message type: E = Error

• Message class: FARR_CONTRACT_UI - Revenue Accounting - Contract UI

• Message number: 014

• Message text: Adding performance obligations is not possible; contract has errors

Self-Explanatory Message

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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.

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FARR_CONTRACT_UI014 - Details

• The SAP error message FARR_CONTRACT_UI014 indicates that there are issues with a contract in the SAP system that prevent the addition of performance obligations. This error typically arises in the context of SAP's Revenue Accounting and Reporting (RAR) module, which is used to manage revenue recognition in compliance with accounting standards.
  Causes of the Error
  
  
  Contract Errors: The contract may have validation errors that need to be resolved. This could include missing mandatory fields, incorrect data entries, or inconsistencies in the contract details.
  
  
  Status Issues: The contract might be in a status that does not allow for changes or additions. For example, if the contract is already finalized or in a closed status, modifications may not be permitted.
  
  
  
  Configuration Issues: There may be configuration settings in the RAR module that are not set up correctly, leading to validation failures when trying to add performance obligations.
  
  
  Data Inconsistencies: There could be inconsistencies in the data related