How To Fix RECD064 - When SC-relevant (&2), calculation and distribution formulas required

SAP Error Message - Details

• Message type: E = Error

• Message class: RECD -

• Message number: 064

• Message text: When SC-relevant (&2), calculation and distribution formulas required

What causes this issue?

Condition &V1& (&V2&)
More than one rental unit can be leased out in one contract. Therefore,
for conditions relevant for service charges, you have to specify exactly
to which rental objects any amounts related to service charges pertain.

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?

Enter the necessary calculation formulas and distribution formulas.

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 RECD064 - When SC-relevant (&2), calculation and distribution formulas required ?

  The SAP error message RECD064 typically occurs in the context of the SAP Revenue Accounting and Reporting (RAR) module. This error indicates that when a sales contract (SC) is relevant for revenue recognition, the system requires calculation and distribution formulas to be defined for the relevant revenue recognition process.
  Cause:
  The error message RECD064 is triggered when:
  
  A sales contract is marked as relevant for revenue recognition.
  The system cannot find the necessary calculation and distribution formulas that are required to process the revenue recognition for that contract.
  
  Solution:
  To resolve the RECD064 error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for Revenue Accounting and Reporting in your SAP system.
  Ensure that the calculation and distribution formulas are defined for the relevant revenue recognition processes.
  
  
  
  Define Calculation and Distribution Formulas:
  
  Navigate to the transaction code for maintaining calculation and distribution formulas (usually in the RAR configuration area).
  Create or adjust the formulas as needed to ensure they align with the requirements of the sales contract.
  
  
  
  Assign Formulas to Sales Contract:
  
  Ensure that the defined formulas are correctly assigned to the sales contract type or the specific sales contract in question.
  
  
  
  Check Sales Contract Settings:
  
  Review the settings of the sales contract to ensure that it is correctly configured for revenue recognition.
  Verify that all necessary fields are filled out and that the contract is set up according to the requirements of your organization’s revenue recognition policies.
  
  
  
  Test the Changes:
  
  After making the necessary adjustments, test the revenue recognition process again to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Documentation: Refer to the SAP Help Portal or your organization's internal documentation for specific guidelines on configuring revenue recognition in SAP RAR.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OBY6 for defining calculation formulas.
  OBY7 for defining distribution formulas.
  
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or updates related to this error message.
  Support: If the issue persists after following the above steps, consider reaching out to your SAP support team or consulting with an SAP expert who specializes in RAR.
  
  By following these steps, you should be able to resolve the RECD064 error and ensure that your sales contracts are properly configured for revenue recognition.