How To Fix FINS_REV_REC124 - Event based revenue recognition has been stopped by administration

FINS_REV_REC124 - Overview

• Message type: E = Error

• Message class: FINS_REV_REC - Event Based revenue recognition

• Message number: 124

• Message text: Event based revenue recognition has been stopped by administration

What causes this issue?

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

System Response

How to fix this error?

Please try to process event based revenue recognition at a later point
of time.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FINS_REV_REC124 - Details

• The SAP error message FINS_REV_REC124 indicates that event-based revenue recognition has been halted by the system administration. This typically occurs in the context of SAP's Revenue Accounting and Reporting (RAR) module, which is used for managing revenue recognition in compliance with accounting standards.
  
  Cause:
  
  Configuration Settings: The error may arise due to specific configuration settings in the RAR module that have been altered or set to prevent event-based revenue recognition.
  User Authorizations: The user may not have the necessary authorizations to perform event-based revenue recognition.
  System Maintenance: The system may be undergoing maintenance or updates that temporarily disable certain functionalities.
  Business Rules: Certain business rules or conditions may have been set that prevent revenue recognition from occurring.
  
  
  Solution:
  
  Check Configuration: Review the configuration settings in the RAR module to ensure that event-based revenue recognition is enabled. This can typically be done in the customizing settings (transaction code SPRO).
  User Authorizations: Verify that the user has the appropriate authorizations