How To Fix FINS_REV_REC153 - Please resolve the error for billing wbs &1 before repricing

FINS_REV_REC153 - Overview

• Message type: E = Error

• Message class: FINS_REV_REC - Event Based revenue recognition

• Message number: 153

• Message text: Please resolve the error for billing wbs &1 before repricing

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?

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 later.
When the revenue recognition part is then processed, the revenue
recognition document for the journal entry for the reference document
will be created.
Before you start the repricing, you need to resolve the logged issues.
Each log entry represents a reference document.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FINS_REV_REC153 - Details

• The SAP error message FINS_REV_REC153 typically indicates that there is an issue with the billing for a Work Breakdown Structure (WBS) element in the context of revenue recognition or repricing. This error usually arises when there are inconsistencies or missing data related to the billing process for the specified WBS element.
  
  Cause:
  
  Incomplete Billing Data: The WBS element may not have been billed correctly, or there may be missing billing documents.
  Revenue Recognition Issues: There could be issues with the revenue recognition settings or postings related to the WBS element.
  Incorrect Configuration: The configuration settings for billing or revenue recognition may not be set up correctly.
  Locked Documents: The billing document or related documents may be locked for changes, preventing repricing.
  
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Billing Status:
  
  Go to the WBS element in question and check the billing status. Ensure that all necessary billing documents have been created and posted.
  
  
  
  Review Revenue Recognition:
  
  Verify