How To Fix FINS_REV_REC017 - Maintain planned labour suitable for &2 using revenue recogn. method '&1'

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_REV_REC - Event Based revenue recognition

• Message number: 017

• Message text: Maintain planned labour suitable for &2 using revenue recogn. method '&1'

What causes this issue?

The method which is used for revenue recognition needs planned working
hours in order to function.
Example
The labor (working hours) based percentage-of-completion (POC) method
for an item with a fix price agreement would calculate
POC = actual labor / plan labor
Recognized revenue = POC * plan revenue
Without plan labor the labor based POC method cannot be applied. And of
course here you also would need suitable plan revenues.

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?

Please maintain suitable planned working hours for the quoted object.
Public Cloud
The app "Plan Customer Projects" will create plan labor for customer
projects if you plan labor under the tab "Work Packages". Plan revenue
will be created if you maintain the billing plan under the tab
"Billing".

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_REV_REC017 - Maintain planned labour suitable for &2 using revenue recogn. method '&1' ?

  The SAP error message FINS_REV_REC017 indicates that there is an issue with the planned labor in relation to the revenue recognition method being used. This error typically arises in the context of project accounting or revenue recognition processes, particularly when dealing with planned costs and revenues in SAP.
  Cause:
  The error message is triggered when the system detects that the planned labor for a specific project or service is not maintained correctly or is missing for the specified revenue recognition method. This can happen due to several reasons, including:
  
  Missing Planned Labor: The planned labor for the project or service is not defined in the system.
  Incompatible Revenue Recognition Method: The revenue recognition method being used does not support the current configuration of planned labor.
  Configuration Issues: There may be configuration issues in the revenue recognition settings or in the project definition.
  Data Inconsistencies: There could be inconsistencies in the data entered for the project or service.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Planned Labor:
  
  Navigate to the project or service in question and verify if the planned labor is maintained correctly.
  Ensure that the planned labor is defined for the specific revenue recognition method being used.
  
  
  
  Review Revenue Recognition Method:
  
  Check the configuration of the revenue recognition method (transaction code: OAA3 or similar) to ensure it is set up correctly and is compatible with the planned labor.
  
  
  
  Maintain Planned Labor:
  
  If planned labor is missing, you can maintain it by going to the relevant project or service and entering the necessary planned labor details.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to revenue recognition and planned labor to ensure that you are following the correct procedures.
  
  
  
  Check Configuration Settings:
  
  If you have access, review the configuration settings in the SAP system to ensure that everything is set up correctly for the project and revenue recognition.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as CJ20N (Project Builder), CJ02 (Change Project), and OAA3 (Revenue Recognition Method) to navigate and make necessary changes.
  SAP Notes: Check for any SAP Notes related to this error message for additional guidance or patches that may address the issue.
  Training and Documentation: Ensure that users involved in project accounting and revenue recognition are trained and have access to the necessary documentation to avoid similar issues in the future.
  
  By following these steps, you should be able to identify and resolve the cause of the FINS_REV_REC017 error message in SAP.