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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_REV_REC029 - Resolve or delete the &1 log entries up to period &2 before execution ?

  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 resolve the error, you can follow these steps:
  
  
  Review Log Entries:
  
  Use transaction codes like FBL3N (for G/L account line items) or FINS_REV_REC (for revenue recognition logs) to review the log entries that are causing the issue.
  Identify the specific log entries that need to be addressed.
  
  
  
  Resolve or Delete Log Entries:
  
  If the log entries are valid and need to be processed, ensure that any necessary actions are taken to complete the revenue recognition for those entries.
  If the log entries are no longer needed, you can delete them. This can typically be done through the relevant transaction or program that manages revenue recognition logs.
  
  
  
  Check Configuration:
  
  Ensure that the configuration settings for revenue recognition are correct and that there are no issues with the setup that could lead to log entries being created unnecessarily.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or notes related to revenue recognition for any specific instructions or known issues that might pertain to your situation.
  
  
  
  Contact Support:
  
  If you are unable to resolve the issue on your own, consider reaching out to SAP support or your internal SAP support team for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FINS_REV_REC for revenue recognition and FBL3N for viewing line items.
  SAP Notes: Check for any SAP Notes that may address this specific error message or provide additional troubleshooting steps.
  User Roles: Ensure that you have the necessary authorizations to view and delete log entries in the system.
  
  By following these steps, you should be able to resolve the FINS_REV_REC029 error and proceed with your revenue recognition processes.