How To Fix FINS_REV_REC029 - Resolve or delete the &1 log entries up to period &2 before execution

FINS_REV_REC029 - Overview

• Message type: E = Error

• Message class: FINS_REV_REC - Event Based revenue recognition

• Message number: 029

• Message text: Resolve or delete the &1 log entries up to period &2 before execution

What causes this issue?

In case of an error in revenue recognition calculation during real-time
processing of a reference document, the journal entry for the reference
document will be created but not the subsequent revenue recognition
document. Instead, an entry is added to the log. This enables the
revenue recognition part to be processed at a later time. When the
revenue recognition part is then processed, the subsequent revenue
recognition document for the journal entry for the reference document
will be created.
Before you start the closing run you need to resolve the errors. Each
log entry represents a reference document.
The closing run can also be started if you decide to delete the log
entries instead of resolving the errors. The run will do a complete
re-evaluation. Thus the calculated revenue recognition values will be
correct as a total, but for the logged reference documents there will be
no linked revenue recognition document.
<ZH>Note:</>
If the erroneous situations which generated the log entries are still in
effect, revenue recognition of the affected objects will not work
properly in the closing run.

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_REC029 - Details

• The SAP error message FINS_REV_REC029 typically occurs in the context of revenue recognition processes, particularly when dealing with log entries related to revenue recognition in SAP S/4HANA or SAP ERP systems. This error indicates that there are log entries that need to be resolved or deleted before you can proceed with the execution of a particular transaction or process.
  
  Cause:
  The error message is triggered when there are unresolved log entries in the revenue recognition process that are dated up to a specific period. This can happen due to various reasons, such as:
  
  Incomplete Processing: Previous revenue recognition processes may not have been completed successfully, leaving behind log entries.
  Data Inconsistencies: There may be inconsistencies in the data that prevent the system from processing the revenue recognition correctly.
  Period Closure: The period you are trying to execute may be closed, and the system requires that all log entries for that period be resolved or deleted.
  
  
  Solution:
  To