How To Fix FKKVT060 - Provider contract &1, item &2 are not relevant for revenue accounting

SAP Error Message - Details

• Message type: E = Error

• Message class: FKKVT - Provider Contract

• Message number: 060

• Message text: Provider contract &1, item &2 are not relevant for revenue accounting

What causes this issue?

During the operative load preparation all of the provider contract items
corresponding to the selection conditions that are not yet indicated as
"relevant for Revenue Accounting" are checked for whether they can now
according to the current settings be considered as relevant for Revenue
Accounting.
If it is determined that the contract item is still not considered
relevant for Revenue Accounting, this message is displayed.

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?

If you expect that a contract item mentioned here can be considered as
relevant for Revenue Accounting, check the the settings under
<DS:SIMG._FICARA_FQ0510>Activate Provider Contract Items for Revenue
Accounting</> (Note that the <DS:TRAN.FQEVENT_0558>Event 0558</> is also
evaluated in the context of these settings.)

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 FKKVT060 - Provider contract &1, item &2 are not relevant for revenue accounting ?

  The SAP error message FKKVT060 indicates that a specific provider contract and its associated item are not relevant for revenue accounting. This error typically arises in the context of SAP's Contract Accounts Receivable and Payable (FI-CA) module, particularly when dealing with revenue recognition processes.
  Cause:
  
  Contract Configuration: The provider contract may not be configured correctly for revenue accounting. This could be due to missing settings or incorrect assignment of the contract type.
  Item Status: The specific item within the contract may not be set up to be relevant for revenue accounting. This could be due to the item type or status.
  Revenue Recognition Settings: The settings for revenue recognition in the system may not include the specific contract or item.
  Business Rules: There may be business rules or conditions that exclude certain contracts or items from revenue accounting.
  
  Solution:
  
  
  Check Contract Configuration:
  
  Review the configuration of the provider contract in the system. Ensure that it is set up to be relevant for revenue accounting.
  Verify that the contract type is correctly assigned and that it supports revenue recognition.
  
  
  
  Review Item Settings:
  
  Check the specific item associated with the contract. Ensure that it is configured to be relevant for revenue accounting.
  Look for any flags or settings that may indicate whether the item should be included in revenue accounting.
  
  
  
  Adjust Revenue Recognition Settings:
  
  Navigate to the revenue recognition settings in the system and ensure that the contract and item are included in the relevant settings.
  If necessary, update the settings to include the contract and item.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on configuring contracts and items for revenue accounting.
  
  
  
  Testing:
  
  After making changes, test the contract and item again to see if the error persists. Ensure that the changes have been applied correctly.
  
  
  
  Consult with SAP Support:
  
  If the issue continues after checking the above points, consider reaching out to SAP support for further assistance. They may provide insights specific to your system configuration.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FQ1A (for contract management) and FQ1B (for item management) to review and adjust contract and item settings.
  SAP Notes: Check for any SAP Notes related to the error message FKKVT060, as they may provide additional context or solutions.
  Training and Documentation: Ensure that users involved in contract management and revenue accounting are trained on the relevant processes and configurations to prevent similar issues in the future.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.