How To Fix FARRIC_OL045 - Revenue posted after take-over date (SD doc. &1 needs correction)

SAP Error Message - Details

• Message type: E = Error

• Message class: FARRIC_OL - Revenue Accounting: Operational Load

• Message number: 045

• Message text: Revenue posted after take-over date (SD doc. &1 needs correction)

What causes this issue?

Revenue posted after take-over date (SD doc. <(>&<)>1 needs correction)

System Response

A revenue line has been posted after the take-over date in a legacy SD
Revenue Recognition process. Revenue lines like this require correction
postings in financials before their migration can be completed.

How to fix this error?

Execute report FARRIC_SD_REV_CORRECT or transaction FARRIC_RR_CORR to
trigger the correction postings for the affected documents.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FARRIC_OL045 - Revenue posted after take-over date (SD doc. &1 needs correction) ?

  The SAP error message FARRIC_OL045 indicates that there is a revenue posting that has occurred after the takeover date for a specific sales document. This typically arises in the context of contract accounting or revenue recognition processes, where the system expects that no revenue should be posted after a certain date, which is often set during the takeover or transition phase of a project or contract.
  Cause:
  
  Takeover Date: The takeover date is a critical date that marks when the responsibility for a contract or project is transferred. Any revenue postings after this date are considered invalid.
  Sales Document: The sales document referenced in the error message (e.g., &1) has transactions that are being processed after the defined takeover date.
  Configuration Issues: There may be configuration settings in the system that are not aligned with the business processes, leading to unexpected revenue postings.
  Data Entry Errors: Manual entries or incorrect data might have led to the posting of revenue after the takeover date.
  
  Solution:
  
  Review the Takeover Date: Check the takeover date set for the relevant contract or project. Ensure that it is correctly defined and aligns with your business processes.
  Analyze the Sales Document: Investigate the sales document mentioned in the error message. Look for any revenue postings that occurred after the takeover date and determine if they are valid or need correction.
  Correct Revenue Postings: If there are invalid postings, you may need to reverse or adjust these entries. This can involve creating correcting entries or adjusting the sales document.
  Configuration Check: Review the configuration settings related to revenue recognition and contract accounting. Ensure that they are set up correctly to prevent future occurrences of this error.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling this error in your version of SAP.
  Engage with SAP Support: If the issue persists or if you are unsure about the corrective actions, consider reaching out to SAP support for assistance.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FARR (Contract Accounting) and VF03 (Display Billing Document) to analyze the documents involved.
  SAP Notes: Check for any SAP Notes related to this error message for additional insights or patches that may address the issue.
  User Exits and BAdIs: If custom logic is implemented in your SAP system, review any user exits or BAdIs that might affect revenue postings and the handling of takeover dates.
  
  By following these steps, you should be able to identify the root cause of the error and implement a solution to resolve it.