How To Fix FINS_REV_REC_CUST053 - Recognition Key cannot be derived for &1/&2/&3

FINS_REV_REC_CUST053 - Overview

• Message type: E = Error

• Message class: FINS_REV_REC_CUST - Event-Based Rev. Rec.: Customizing

• Message number: 053

• Message text: Recognition Key cannot be derived for &1/&2/&3

What causes this issue?

The system tries to derive a Recognition Key from company code &V1& ,
service document item type &V2& and service product &V3& but there is no
according entry in table FINS_TRR_DRK_CRM.

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?

Maintain a Recognition Key for the above combination of attributes.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FINS_REV_REC_CUST053 - Details

• The SAP error message FINS_REV_REC_CUST053 indicates that the system is unable to derive a recognition key for the specified parameters (typically related to revenue recognition). This error often occurs in the context of revenue recognition processes, particularly when dealing with contracts, billing documents, or other financial transactions.
  
  Cause:
  The error can be caused by several factors, including:
  
  
  Missing Configuration: The recognition key may not be properly configured in the system. This could be due to missing entries in the relevant customizing tables or settings related to revenue recognition.
  
  
  Incorrect Data: The data provided in the parameters (&1, &2, &3) may be incorrect or incomplete. This could include missing or invalid contract numbers, billing document numbers, or other identifiers.
  
  
  Inconsistent Status: The status of the document or transaction may not allow for revenue recognition. For example, if the document is not fully processed or is in a status that does not permit recognition.
  
  
  Missing Master Data: Required