How To Fix FARR_FOUNDATION128 - Account determination for contract asset failed for company code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_FOUNDATION - Revenue Accounting - Foundation

• Message number: 128

• Message text: Account determination for contract asset failed for company code &1

What causes this issue?

The account determination for the <ZK>contract asset </>account failed
because the system found no configuration entry for company code &v1&,
accounting principle &v2&, POB (performance obligation) type &v3& and
reference account &v4&.

System Response

The revenue accounting item was not processed for accounting principle
&v2&.

How to fix this error?

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

Procedure for System Administrators

You need to create a matching entry in your configuration.
Find this configuration step in the Manage Your Solution app under
<ZK>Configure Your Solution # Finance # Revenue and Cost Accounting #
Contract-Based Revenue Recognition -> Configure Account Determination
Rules</>.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_FOUNDATION128 - Account determination for contract asset failed for company code &1 ?

  The SAP error message FARR_FOUNDATION128 indicates that there is an issue with account determination for contract assets in the specified company code. This error typically arises in the context of the SAP Revenue Accounting and Reporting (RAR) module, where the system is unable to find the appropriate accounts for posting contract asset transactions.
  Cause:
  The error can be caused by several factors, including:
  
  
  Missing Account Determination Configuration: The account determination settings for contract assets may not be properly configured in the system. This includes the absence of necessary entries in the relevant configuration tables.
  
  
  Incorrect Company Code Settings: The company code specified in the error message may not have the required account determination settings defined.
  
  
  Missing or Incorrect Master Data: The master data for the contract or the related financial objects may be incomplete or incorrectly set up.
  
  
  Inconsistent Settings: There may be inconsistencies between the settings in the RAR module and the Financial Accounting (FI) module.
  
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Account Determination Configuration:
  
  Go to the configuration settings for account determination in the RAR module.
  Ensure that the necessary accounts for contract assets are defined for the relevant company code.
  You can access this configuration through the following path:
  
  SPRO > Financial Accounting > Revenue Accounting and Reporting > Account Determination > Define Account Determination for Contract Assets.
  
  
  
  
  
  Verify Company Code Settings:
  
  Ensure that the company code specified in the error message has the correct account determination settings.
  Check if the company code is active and properly configured in the system.
  
  
  
  Review Master Data:
  
  Check the master data for the contract and ensure that all required fields are filled out correctly.
  Verify that the contract is linked to the correct company code and that all relevant financial information is accurate.
  
  
  
  Check for Inconsistencies:
  
  Review the integration settings between the RAR and FI modules to ensure that they are consistent.
  Look for any discrepancies in the configuration that might lead to this error.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or notes related to the FARR_FOUNDATION128 error for any specific guidance or updates that may apply to your version of SAP.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OBYC (for account determination) or SPRO (for configuration) to access the relevant settings.
  SAP Notes: Check for any SAP Notes that might address this specific error or provide additional troubleshooting steps.
  Support: If the issue persists after following the above steps, consider reaching out to SAP support for further assistance.
  
  By following these steps, you should be able to identify and resolve the cause of the FARR_FOUNDATION128 error in your SAP system.