Has anyone ever dealt with the error "Unexpected E...
# administration
c
Has anyone ever dealt with the error "Unexpected Error" when trying to update the rev rec forecast in a secondary book?
k
are you updating it manually or systematically?
ARM thinks it is mismatch somewhere and does not know how to deal with it
c
They were using the Recalculate Revenue Forecast Plans and it only seems to fail for secondary books. Works for primary.
I need to figure out how they are handling rev rec for secondary books in general because maybe that could be causing the issue.
k
hm… is it a new error? are secondary book settings different - likely, yes?
thinking the same thing at the same time 🙂
if they are using secondary book for IFRS - yes, likely that’s what it is
c
Secondary book is for 606 and primary is 605 until the new year. Apparently the error has been occurring for a while.
k
oh, that’s not good, not a new error 😞
605 will not follow 606 rules and vice versa, and you want your 606 book to be right… look at the rev rec rules settings first and then see how they are used on items, then make sure dates on transactions are listed (fot good measure - ARM would give you dates specific error)
c
I am relatively new to this company and they are using something called MRAP that I believe handles converting revenue and things. So I am wondering if that is causing an issue with the forecasting portion.
k
aaah, that is Migrate Revenue Arrangement and Plans thingy
I assume you have it done in your 606 book. So do you have any errors on your Revenue Arrangements (Transacionts > financilas > revenue Arrangments)?
sorry, last one Update Rev Arrangments
it should show your errors there. Yes you want to check your rev rec plans, rev rec settings on items, and dates - that’s a ton to check, and you need to understand them in a sense that some setting do not go together, and there is no easy way to figure that out 😞
c
yea thanks I'll take a look into all of that
k
👍🏻