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

FARR_RAI641 - Overview

• 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