How To Fix FARRIC_SD001 - Item category &1 relevant for Revenue Recognition

SAP Error Message - Details

• Message type: E = Error

• Message class: FARRIC_SD - Revenue Recognition Integration Component

• Message number: 001

• Message text: Item category &1 relevant for Revenue Recognition

What causes this issue?

An item category cannot be relevant for Revenue Recognition and Revenue
Accounting.

System Response

The customizing entry cannot be saved.

How to fix this error?

Use the relevant transaction to adjust Revenue Recognition settings for
item categories.

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_SD001 - Item category &1 relevant for Revenue Recognition ?

  The SAP error message FARRIC_SD001 indicates that the item category specified in the sales document is relevant for revenue recognition, but there may be issues with the configuration or data that need to be addressed. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  Item Category Configuration: The item category in the sales document is set to be relevant for revenue recognition, but it may not be properly configured in the system.
  Missing Revenue Recognition Settings: The necessary settings for revenue recognition may not be defined for the item category or the sales document type.
  Inconsistent Data: There may be inconsistencies in the data related to the sales order, such as missing or incorrect information in the item details.
  Document Type Issues: The sales document type may not be configured to handle revenue recognition correctly.
  
  Solution:
  
  
  Check Item Category Configuration:
  
  Go to the configuration settings for item categories in the Sales and Distribution (SD) module.
  Ensure that the item category is correctly set up for revenue recognition. This includes checking the relevant settings in the item category configuration (transaction code: VOV4).
  
  
  
  Review Revenue Recognition Settings:
  
  Ensure that the revenue recognition settings are properly defined for the item category. This can be done in the configuration for revenue recognition (transaction code: SPRO -> Sales and Distribution -> Basic Functions -> Revenue Recognition).
  Verify that the necessary parameters for revenue recognition are set up correctly.
  
  
  
  Check Sales Document Type:
  
  Review the configuration of the sales document type to ensure it is compatible with revenue recognition (transaction code: VOV8).
  Make sure that the document type allows for revenue recognition and that all necessary fields are populated.
  
  
  
  Validate Sales Order Data:
  
  Check the sales order for any missing or incorrect data that could be causing the error. Ensure that all required fields are filled out correctly.
  If necessary, create a new sales order with the correct item category and see if the error persists.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for more detailed information on revenue recognition and item category settings.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  VOV4: Configure item categories.
  VOV8: Configure sales document types.
  SPRO: Access the SAP Reference IMG for configuration settings.
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  
  
  Testing: After making changes, test the sales order process to ensure that the error is resolved and that revenue recognition is functioning as expected.
  
  
  If the issue persists after following these steps, it may be beneficial to consult with an SAP functional consultant or support team for further assistance.