How To Fix FARR_RAI641 - Revenue accounting item &1 not processed for all accounting principles

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_RAI - Revenue Accounting Item

• Message number: 641

• Message text: Revenue accounting item &1 not processed for all accounting principles

What causes this issue?

Revenue accounting item &v1& was not processed for all accounting
principles that are assigned to its company code. There are two reasons
why a revenue accounting item is not processed for all accounting
principles:
an error occured during the processing of the item for one ore more
accounting principles
one or more accounting principles are in status <LS>Migration</> for
this company code

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

System Response

How to fix this error?

Correct the error or finish initial load and migration activities and
set all accounting principles of the company code to <LS>Productive</>.
Process the revenue accounting item again.

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_RAI641 - Revenue accounting item &1 not processed for all accounting principles ?

  The SAP error message FARR_RAI641 indicates that a revenue accounting item (identified by the placeholder &1) has not been processed for all accounting principles. This error typically arises in the context of SAP's Revenue Accounting and Reporting (RAR) module, which is used to manage revenue recognition in compliance with accounting standards such as IFRS 15 and ASC 606.
  Causes:
  
  Missing Configuration: The accounting principles required for processing the revenue item may not be properly configured in the system.
  Incomplete Data: The revenue accounting item may lack necessary data or attributes that are required for processing under the specified accounting principles.
  Status Issues: The item may be in a status that does not allow it to be processed (e.g., it may be locked or in a draft state).
  Posting Period Issues: The posting period for the revenue accounting item may be closed or not open for the relevant accounting principles.
  Incompatibility with Accounting Principles: The item may not be compatible with the accounting principles defined in the system.
  
  Solutions:
  
  Check Configuration: Ensure that all necessary accounting principles are configured correctly in the system. This includes verifying that the relevant settings for revenue recognition are in place.
  Review Item Data: Check the revenue accounting item for completeness. Ensure that all required fields are filled out and that the item is correctly set up for the relevant accounting principles.
  Change Status: If the item is in a status that prevents processing, change its status to allow for processing. This may involve unlocking the item or moving it out of a draft state.
  Verify Posting Periods: Check the posting periods for the relevant accounting principles to ensure they are open. If necessary, open the required posting periods.
  Consult Documentation: Review SAP documentation or notes related to the FARR module for any specific requirements or known issues that may apply to your situation.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as FARR (Revenue Accounting and Reporting) to access the relevant data and settings.
  SAP Notes: Check for any SAP Notes that may address this specific error or provide additional guidance on resolving it.
  Support: If the issue persists, consider reaching out to SAP support or consulting with an SAP expert who specializes in the RAR module for further assistance.
  
  By following these steps, you should be able to identify the root cause of the error and implement the necessary solutions to resolve it.