How To Fix FARRIC_SD024 - Contract-Based Revenue Recognition active for Company Code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FARRIC_SD - Revenue Recognition Integration Component

• Message number: 024

• Message text: Contract-Based Revenue Recognition active for Company Code &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARRIC_SD024 - Contract-Based Revenue Recognition active for Company Code &1 ?

  The SAP error message FARRIC_SD024 indicates that Contract-Based Revenue Recognition (CBRR) is active for a specific company code, but there may be issues related to its configuration or usage. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  
  Configuration Issues: The company code may not be properly configured for Contract-Based Revenue Recognition. This could include missing settings in the revenue recognition configuration or incorrect assignment of the company code to the relevant revenue recognition settings.
  
  
  Inconsistent Data: There may be inconsistencies in the data related to contracts, such as missing or incorrect contract details that are required for revenue recognition.
  
  
  Transaction Type: The transaction type being used may not be compatible with Contract-Based Revenue Recognition, leading to this error.
  
  
  Master Data Issues: There could be issues with the master data related to customers, contracts, or products that are necessary for the revenue recognition process.
  
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings for Contract-Based Revenue Recognition in SAP (Transaction code: SPRO).
  Ensure that the company code is correctly set up for CBRR. Check the settings under Financial Accounting (New) > Revenue Recognition > Contract-Based Revenue Recognition.
  
  
  
  Review Contract Data:
  
  Verify that all necessary contract data is complete and accurate. Check for any missing fields or incorrect entries in the contract that could affect revenue recognition.
  
  
  
  Validate Transaction Types:
  
  Ensure that the transaction types being used are compatible with Contract-Based Revenue Recognition. You may need to adjust the transaction type settings if they are not aligned.
  
  
  
  Check Master Data:
  
  Review the master data for customers, contracts, and products to ensure that they are correctly set up and linked to the company code.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on setting up and troubleshooting Contract-Based Revenue Recognition.
  
  
  
  Testing:
  
  After making any changes, perform tests to ensure that the revenue recognition process works as expected without triggering the error.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on configuration and troubleshooting.
  SAP Community: Engage with the SAP Community forums to see if other users have encountered similar issues and what solutions they have found.
  Training and Documentation: Consider reviewing training materials or documentation related to Contract-Based Revenue Recognition to ensure a thorough understanding of the process and requirements.
  
  If the issue persists after following these steps, it may be beneficial to consult with an SAP expert or your organization's SAP support team for further assistance.