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Revenue recognition for internal order

Hi all,

Is there any possibility to do revenue recognition at internal order level.

just like based on plan revenue and actual cost, revenue needs to be recognized at period end.

we are not having SD process and product costing scenario.

Please suggest.

Thanks

kishore

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  • author's profile photo Former Member
    Former Member
    Posted on Jan 09, 2014 at 10:18 AM

    Hi Kishore

    This is very much possible. This can be done through order type settings, wherein Revenue Postings are allowed. Additionally you may need to configure RA Setup and SEttlement profile for recognising revenue / cogs at period end.

    Regards

    Mustafa

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    • Former Member kishore *

      Hi Kishor

      Those settings are not required at Internal Order Level.

      What you need to make sure is that RA key is configured correctly, as per the valuation method required (Percentage of Completion, Revenue based, Contract Completion method etc). This RA Key should be defaulted to the Internal Order.

      Further you may also required Costing sheet of the purpose of overhead allocation. Both these keys needs to be defaulted under "Period end closing" tab of Internal Order Master Data.

      You can use FI Invoice to book revenues to IO and delivery with reference to Internal order. During Month end, based on the status of the Internal Order, necessary valuations will get posted (Revenue, cogs, wip etc) to FI

      Regards

      Mustafa Sakerwala

  • Posted on Jan 09, 2014 at 10:30 AM

    Hi,

    If you switch on "Revenue Allowed" tick mark in the Control tab of Order master data, you can post revenues against IO. At period end also, you can settle the same to a GL, PSG and other IO with revenue allowed.

    BR, Srinivas Salpala

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