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

FARRIC_OL045 - Overview

• 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