How To Fix FARR_MSG_CUSTOM501 - Item &1: Revenue accounting item error reported for status &2.

FARR_MSG_CUSTOM501 - Overview

• Message type: E = Error

• Message class: FARR_MSG_CUSTOM - Customizable Messages for Revenue Accounting

• Message number: 501

• Message text: Item &1: Revenue accounting item error reported for status &2.

What causes this issue?

An error was reported during processing of the Revenue Accounting Item.
The Data Consistency Check has detected that the error is still
unresolved.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

To analyze the cause of the error, execute transaction FARR_RAI_MON -
<ZK>Display of Revenue Accounting Items</>. In section <ZK>Further
Attributes</> of the selection screen, in input field <ZK>Revenue
Accounting Item ID</>, enter the Revenue Accounting Item number
specified in the Display Log's message text.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_MSG_CUSTOM501 - Item &1: Revenue accounting item error reported for status &2. ?

  The SAP error message FARR_MSG_CUSTOM501 typically relates to issues in revenue accounting items within the SAP system, particularly in the context of the SAP Revenue Accounting and Reporting (RAR) module. This error indicates that there is a problem with a specific revenue accounting item, which is identified by the item number (&1), and it is associated with a particular status (&2).
  
  Cause:
  The error can arise due to several reasons, including but not limited to:
  
  Data Inconsistencies: There may be inconsistencies in the data related to the revenue accounting item, such as missing or incorrect information.
  Status Issues: The status of the revenue accounting item may not allow for the intended operation (e.g., posting, processing).
  Configuration Errors: There may be configuration issues in the RAR settings that prevent the item from being processed correctly.
  Business Rules Violations: The item may violate certain business rules defined in the system, such as revenue recognition criteria.
  Missing Dependencies: Required dependencies