How To Fix FARR_MSG_CUSTOM001 - Name of leading performance obligation &1 is missing

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_MSG_CUSTOM - Customizable Messages for Revenue Accounting

• Message number: 001

• Message text: Name of leading performance obligation &1 is missing

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.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_MSG_CUSTOM001 - Name of leading performance obligation &1 is missing ?

  The SAP error message FARR_MSG_CUSTOM001 indicates that there is a missing name for the leading performance obligation in the context of revenue recognition. This error typically arises in the SAP S/4HANA system when dealing with contract management and revenue accounting, particularly in the context of the new revenue recognition standards (IFRS 15/ASC 606).
  Cause:
  The error is caused by the absence of a name or description for the leading performance obligation in the relevant contract or sales order. Performance obligations are essential components of revenue recognition, and each obligation must be clearly defined to ensure compliance with accounting standards.
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Identify the Contract or Sales Order: Determine which contract or sales order is generating the error. You can usually find this information in the error message details or logs.
  
  
  Access the Contract Management or Sales Order: Navigate to the relevant contract or sales order in the SAP system.
  
  
  Check Performance Obligations: Look for the section where performance obligations are defined. This is typically found in the contract details or revenue recognition settings.
  
  
  Add or Update the Name: If the leading performance obligation is missing a name, enter a valid name or description. Ensure that it accurately reflects the nature of the obligation.
  
  
  Save Changes: After entering the necessary information, save the changes to the contract or sales order.
  
  
  Reprocess the Document: Once the changes are saved, reprocess the document to see if the error persists.
  
  
  Related Information:
  
  Documentation: Refer to SAP documentation on revenue recognition and performance obligations for detailed guidelines on how to manage these elements.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FARR (for revenue accounting) and VA02 (for sales order changes) to navigate the system effectively.
  User Roles: Ensure that you have the appropriate permissions to edit contracts and performance obligations in the SAP system.
  Consult SAP Notes: Check for any SAP Notes related to this error message for additional insights or patches that may address the issue.
  
  If the problem persists after following these steps, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.