How To Fix FARR_MSG_CUSTOM026 - Perf. obl. &1's invoice amount must not exceed its contractual price

FARR_MSG_CUSTOM026 - Overview

• Message type: E = Error

• Message class: FARR_MSG_CUSTOM - Customizable Messages for Revenue Accounting

• Message number: 026

• Message text: Perf. obl. &1's invoice amount must not exceed its contractual price

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_MSG_CUSTOM026 - Perf. obl. &1's invoice amount must not exceed its contractual price ?

  The SAP error message FARR_MSG_CUSTOM026 indicates that the invoice amount for a performance obligation (Perf. obl.) exceeds the contractual price defined in the system. This error typically arises in the context of SAP's Revenue Accounting and Reporting (RAR) module, which is used for managing revenue recognition in compliance with accounting standards.
  
  Cause:
  
  Invoice Amount Exceeds Contractual Price: The primary cause of this error is that the invoice amount being processed is greater than the amount specified in the contract for that particular performance obligation.
  Incorrect Contract Data: There may be discrepancies in the contract data, such as incorrect pricing or terms that do not align with the invoice.
  Data Entry Errors: Manual entry errors during the invoicing process can lead to incorrect amounts being submitted.
  Changes in Contract Terms: If there have been changes to the contract terms after the invoice was created, this could lead to inconsistencies.
  
  
  Solution:
  
  Review the Contract: Check the contractual price for