How To Fix FARR_FOUNDATION129 - Account determination for recognized revenue failed for company code &1

FARR_FOUNDATION129 - Overview

• Message type: E = Error

• Message class: FARR_FOUNDATION - Revenue Accounting - Foundation

• Message number: 129

• Message text: Account determination for recognized revenue failed for company code &1

What causes this issue?

The account determination for the <ZK>recognized revenue </>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&.

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

System Response

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

How to fix this error?

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_FOUNDATION129 - Account determination for recognized revenue failed for company code &1 ?

  The SAP error message FARR_FOUNDATION129 indicates that there is an issue with the account determination for recognized revenue in the context of the SAP Revenue Accounting and Reporting (RAR) module. This error typically occurs when the system is unable to find the appropriate account for recognized revenue based on the configuration settings.
  
  Cause:
  The error can be caused by several factors, including:
  
  
  Missing Account Determination Configuration: The account determination for recognized revenue may not be properly configured in the system for the specified company code.
  
  
  Incorrect or Incomplete Master Data: The master data for the revenue contracts or the related financial documents may be incomplete or incorrect, leading to the inability to determine the correct accounts.
  
  
  Missing or Incorrect Revenue Recognition Rules: The revenue recognition rules defined in the system may not align with the account determination settings.
  
  
  Company Code-Specific Settings: The settings for the specific company code may not be set up correctly, or the