How To Fix FINS_REV_REC005 - Revenue recognition for reference document &3 was executed

FINS_REV_REC005 - Overview

• Message type: E = Error

• Message class: FINS_REV_REC - Event Based revenue recognition

• Message number: 005

• Message text: Revenue recognition for reference document &3 was executed

What causes this issue?

Revenue recognition for the quoted reference document was executed.
In the case that the revenue recognition calculation was successful for
the quoted reference document a revenue recognition document was created
and the current log entry was deleted.
In the case that the revenue recognition calculation was not successful,
no revenue recognition document was created, the current log entry was
deleted and a new log entry was created.

System Response

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

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FINS_REV_REC005 - Details

• The SAP error message FINS_REV_REC005 indicates that revenue recognition for a specific reference document has already been executed. This typically occurs in the context of revenue recognition processes in SAP, particularly when using the Revenue Accounting and Reporting (RAR) module or similar functionalities.
  
  Cause:
  
  Duplicate Execution: The most common cause of this error is an attempt to execute revenue recognition for a document that has already been processed. This can happen if the user tries to run the revenue recognition process multiple times for the same document.
  Incorrect Document Status: The document may be in a status that does not allow for further revenue recognition processing.
  
  Configuration Issues: There may be configuration settings in the revenue recognition process that are not aligned with the business requirements or the document's status.
  
  
  Solution:
  
  Check Document Status: Verify the status of the reference document in question. If it has already been processed for revenue recognition, you will need to