How To Fix FARR_CONTRACT_UI221 - Perf. oblig. &1 has no standalone selling price

FARR_CONTRACT_UI221 - Overview

• Message type: E = Error

• Message class: FARR_CONTRACT_UI - Revenue Accounting - Contract UI

• Message number: 221

• Message text: Perf. oblig. &1 has no standalone selling price

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_UI221 - Perf. oblig. &1 has no standalone selling price ?

  The SAP error message FARR_CONTRACT_UI221 indicates that there is a performance obligation in a contract that does not have a standalone selling price (SSP) assigned to it. This is particularly relevant in the context of revenue recognition under IFRS 15 or ASC 606, where companies must allocate revenue to performance obligations based on their standalone selling prices.
  
  Cause:
  
  Missing Standalone Selling Price: The performance obligation referenced in the error does not have a standalone selling price defined in the system.
  Incorrect Configuration: The configuration for revenue recognition or the contract itself may not be set up correctly.
  Data Entry Issues: There may be data entry errors or omissions when creating or updating the contract or performance obligations.
  
  
  Solution:
  
  
  Define Standalone Selling Price:
  
  Navigate to the relevant contract or performance obligation in SAP.
  Ensure that a standalone selling price is assigned to the performance obligation. This can typically be done in the contract management or revenue recognition module.
  If the