How To Fix FARR_MSG_CUSTOM003 - Not duration but end date is provided for time-based perf. oblig. &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_MSG_CUSTOM - Customizable Messages for Revenue Accounting

• Message number: 003

• Message text: Not duration but end date is provided for time-based perf. oblig. &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_MSG_CUSTOM003 - Not duration but end date is provided for time-based perf. oblig. &1 ?

  The SAP error message FARR_MSG_CUSTOM003 indicates that there is an issue with the data provided for a time-based performance obligation. Specifically, the error states that an end date has been provided instead of a duration for the performance obligation.
  Cause:
  This error typically occurs in the context of revenue recognition or performance obligations in SAP, particularly when dealing with contracts or agreements that have specific time-based criteria. The system expects a duration (e.g., number of days, months) rather than a specific end date for the performance obligation. Providing an end date can lead to confusion in how the obligation is recognized over time.
  Solution:
  To resolve this error, you should:
  
  
  Check the Input Data: Review the data you are entering for the performance obligation. Ensure that you are providing a duration instead of an end date. 
  
  
  Adjust the Configuration: If you are using a custom program or interface to input this data, ensure that it is set up to accept and process durations correctly.
  
  
  Consult Documentation: Refer to the SAP documentation or help files related to performance obligations and revenue recognition to understand the expected formats and requirements.
  
  
  Test with Sample Data: If possible, create a test case with valid duration data to ensure that the system processes it correctly without generating the error.
  
  
  Seek Help from SAP Support: If you are unable to resolve the issue, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  
  Related Information:
  
  Performance Obligations: In SAP, performance obligations are commitments to transfer goods or services to a customer. They are crucial for revenue recognition under accounting standards like IFRS 15 and ASC 606.
  Revenue Recognition: Understanding how revenue is recognized based on performance obligations is essential for compliance and accurate financial reporting.
  SAP Modules: This error may be encountered in modules related to Financial Accounting (FI), Controlling (CO), or Sales and Distribution (SD), depending on how your organization has configured its SAP environment.
  
  By addressing the input data and ensuring that the correct format is used, you should be able to resolve the error and proceed with your transactions.