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Former Member

REVENUE RECOGNITION

HI GURUS.,

can any one of the gurus send me the doccumentation of REVENUE RECOGNITION,STEP BY STEP PROCESS OF CONIGURING REVENUE RECOGNITION WITH SCREEM SHOTS, if possibe

Thanks in advance

Narayana

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6 Answers

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    Former Member
    May 22, 2007 at 03:32 AM

    hi narayana and all guru's

    can u pls send me these documents for me to my mail id : 2cravinder@gmail.com

    <i>REVENUE RECOGNITION,STEP BY STEP PROCESS OF CONIGURING REVENUE RECOGNITION WITH screen shots,</i> and where is this used

    iam new using this forum...tell me if there is any additional procedure to be followed

    thanks in advance...and will be rewarded.

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    Former Member
    Mar 13, 2007 at 01:12 PM

    Hi

    The steps are as follows:

    Creation of Ac assignment group for customer to be entered in the customer master through t-code ovk8.

    Creation of Ac assignment group for material throughOVK5.

    Revenue to be posted to GL Ac based on sales org/ Ac group etc., through V/14.

    Allowed fields for Revenue Ac det through ov25.

    Assign GL Ac for revenues through VKOA.

    Reward points if useful.

    Regards,

    Sridhar.

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    Former Member
    Mar 13, 2007 at 01:08 PM

    Hi Manam,

    I am forwarding some notes which I have on this topic.

    Reward if it helps

    regards

    Srini

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    Former Member
    Mar 13, 2007 at 05:53 PM

    Revenue Recognition is maintaintaining T.Code VKOA in SD. You can maintain the appropriate access sequence for determining G/L account.

    Similarly you have T.Code OBYC to main G/L account for MM. In MM Transaction Key is the place where appropriate G/L are maintained & they can differ based on Tax Codes.

    Incase of Taxes, the G/L account are maintained similar to MM T.Code being OB40.

    Hope this provides you with some information, as the topic is critical & the option is to be selected very carefully.

    Regards,

    Rajesh Banka

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    Former Member
    Mar 13, 2007 at 07:38 PM

    Hi,

    Please check this link on Revenue Recognition :

    Revenue" target="_blank">http://help.sap.com/saphelp_47x200/helpdata/en/46/74a073b4e411d199bc0000e8a5bd28/content.htm">Revenue Recognition

    Hope it helps. Please reward if useful.

    Thanks & Regards

    Sadhu Kishore

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    Former Member
    Oct 18, 2007 at 01:33 AM

    Hi Manam,

    Please refer OSS note 779365. This note is the master note for revenue recognition process and contains a word document (in .zip format) having detailed documentation on the revrec functionality. This note is continuously updated by SAP and has the latest information on the revenue recognition related changes.

    Remember that revenue recognition is a complex topic and is governed by various country specific and internationla accounting principles including GAAP & IAS also. Anything you do in your client's SAP implementation regarding REVREC, please make sure you involve the business owner for revenue and if possible get your settings audited with someone from business before you go live.

    If you do not have access to OSS, then let me know and i will send the ZIP file to you.

    Thanks

    Kapil Sharma

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