Hi Experts
In EhP8, a functionality for supporting unbilled revenue accruals has come up in CI/FICA. It will help posting the revenue in temporary forecast/unbilled account when BITs are created. This posting will be reversed when actual invoicing happens. Below is the exact excerpt fro SAP document. My question is:
1) What is the actual accounting entry (Dr/Cr) happens in this process?
2) Does it post to customer receivable during unbilled revenue posting?
3) Is it a real posting in the same ledger?
SAP Excerpt:
"Flexibility in recording expenses and revenues in the period they occur, meeting the relevant legal requirements In the standard system, a revenue overview at G/L account level is only possible after invoicing because account determination is executed during invoicing. Alternatively, you have the option of obtaining an overview of your revenue as follows: •Daily forecast: During the upload of the billable items, the revenue is temporarily posted to one or more forecast accounts. It is possible to analysis the revenue at any point in time for statistical purposes. The invoicing posts the revenue onto the final G/L account and reverses the postings on the forecast account. Daily posting: A deferred revenue is posted during the advance payment by an end customer. When the billable items that show the actual use are loaded, the revenue is posted to the final G/L account Invoicing completes the process, there is however no additional posting.
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