How To Fix FARR_MSG_CUSTOM014 - The standalone selling price of performance obligation &1 is zero

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_MSG_CUSTOM - Customizable Messages for Revenue Accounting

• Message number: 014

• Message text: The standalone selling price of performance obligation &1 is zero

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_MSG_CUSTOM014 - The standalone selling price of performance obligation &1 is zero ?

  The SAP error message FARR_MSG_CUSTOM014 indicates that the standalone selling price (SSP) for a performance obligation is zero. This error typically arises in the context of revenue recognition and contract accounting, particularly when using the SAP Revenue Accounting and Reporting (RAR) module.
  Cause:
  
  Missing Pricing Information: The standalone selling price for the performance obligation has not been defined or is not available in the system.
  Incorrect Configuration: The pricing configuration for the relevant product or service may not be set up correctly.
  Data Entry Errors: There may be errors in the data entry for the contract or performance obligation, leading to a zero value being assigned.
  Inactive or Incorrect Condition Records: The condition records that determine the pricing may be inactive or incorrectly maintained.
  
  Solution:
  
  Check Pricing Conditions: Verify that the pricing conditions for the performance obligation are correctly maintained in the system. Ensure that the condition records are active and correctly configured.
  Define Standalone Selling Price: If the SSP is not defined, you need to set it up. This can be done in the RAR configuration settings where you can define the SSP for the relevant products or services.
  Review Contract Data: Check the contract data to ensure that all necessary information is entered correctly. Look for any missing or incorrect entries that could lead to a zero SSP.
  Consult Documentation: Refer to SAP documentation or help resources for guidance on how to set up and maintain standalone selling prices.
  Testing: After making changes, test the configuration by creating a new performance obligation to see if the error persists.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on configuring standalone selling prices.
  SAP Community: Engage with the SAP Community forums to see if other users have encountered similar issues and what solutions they have found.
  Training and Documentation: Consider reviewing training materials or documentation related to SAP RAR and revenue recognition processes to ensure a thorough understanding of how SSP is determined and maintained.
  
  By addressing the underlying causes and following the suggested solutions, you should be able to resolve the error message FARR_MSG_CUSTOM014 effectively.