How To Fix FARR_MSG_CUSTOM031 - Performance obligation &1 has no deferral items

FARR_MSG_CUSTOM031 - Overview

• Message type: E = Error

• Message class: FARR_MSG_CUSTOM - Customizable Messages for Revenue Accounting

• Message number: 031

• Message text: Performance obligation &1 has no deferral items

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_MSG_CUSTOM031 - Performance obligation &1 has no deferral items ?

  The SAP error message FARR_MSG_CUSTOM031 indicates that there is a performance obligation in the system that does not have any associated deferral items. This typically occurs in the context of revenue recognition and accounting for performance obligations under the new revenue recognition standards (ASC 606 / IFRS 15).
  
  Cause:
  
  Missing Deferral Items: The performance obligation is expected to have deferral items (which represent the revenue that is deferred until the performance obligation is satisfied), but none have been created or linked to it.
  Incorrect Configuration: The configuration settings for revenue recognition or performance obligations may not be set up correctly.
  Data Entry Issues: There may have been an oversight during data entry or during the creation of the performance obligation, leading to the absence of deferral items.
  Timing Issues: The performance obligation may have been created before the associated deferral items were set up or processed.
  
  
  Solution:
  
  Check Deferral Items: Verify if the deferral items have been