Hi Friends,
Iu2019m just configuring Real Estate Accruals/ Deferrals based on the help information as shown below in SAP- IMG in 4.6C.
Accruals/Deferrals
Maintain reference flow types for relationship keys 005, 006, 007, 008 for each flow type for which accrual/deferral postings have to be made. Relationship keys 005 and 007 are used for the deferral of receivables in advance while relationship keys 006 and 008 are used for receivables in arrears.
a) 005 Deferral: debit
The reference flow type for relationship key '005 Deferral: debit' is used if receivables and revenues are already posted in a debit position posting and should be allocated to subsequent account periods.
Example: The quarterly rent is due in the first month of the quarter, meaning that the debit position is run at the start of the quarter for subsequent months. When the deferral of the debit position is made, the receivables and revenue are deferred from 'Provision for rent revenue in advance' to 'Deferred items'. Make the setting for the corresponding account determination using the reference flow type.
b) 006 Accrual: debit
The reference flow type for relationship key '006 Accrual: debit' is used if a revenue will be posted in the current accounting period, although the debit position does not take place until the next month.
Example: The quarterly rent is not due until the end of the quarter, meaning that the debit position takes places at a later date. Make the setting for the corresponding account determination using the reference flow type (via 'other receivables' to 'rent revenue in arrears').
c) 007 Deferral: Credit
The reference flow type for relationship key '007 Deferral: credit' is used to retransfer the 'Deferral: debit'. See the explanations on '005 Deferral: debit'. You need to make the corresponding account determination settings for 'deferred items' to 'provision for rent revenue in advance'.
d007 Deferral: Credit
The reference flow type for relationship key '008 Accrual: credit' is used to retransfer the 'Accrual: debit'. See the explanations for '006 Accrual: debit'. The posting record of the reference flow type should be 'Rent revenue in arrears - used' to 'other receivables'.
Configuring for revenue contracts u2013 the flow type C100:
C100 account Deter. is 40 = * (recon GL a/c of Customers)
50= 41505 (Revenue a/c)
005 Deferral: debit
Reference flow type for C100 created as C105 and account deter. as
40= 41505 (same a/c as on C100)
50= 24610 (liabilities a/c u2013 for deferred items)
007 Deferral: Credit
Reference flow type for C100 created as C107 and account deter. as
40= 24610 (liabilities)
50= 41505 (same a/ct as on C100)
The configuration for 007 Deferral: Credit - as shown above correct? Or am I missed anything in the config.
What is the exact implication of 007 Deferral: Credit and 008 Deferral: Credit in Real Estate accrual/deferral postings
Thanks in advance,
Kris