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author's profile photo Former Member
Former Member

Revenue Recognition :- Type A : Time Based Revenue Recognition in Contract

Hello,

I am facing a peculiar problem while creating the contract relevant for Revenue Recognition Type A : Time Based Revenue Recognition in Contract.

The Item category setting I am using is as follows:-

1. Rev. recognition : A : Time-related revenue recognition

2. Acc. period start : B : Proposal based on billing plan start date

3. Revenue Dist. : A : Total Val.: Linear and Correction Value Linearly Distributed

I have already done the necessary activation of Revenue Recognition.

Done the account determination for following :-

1. Revenue account determination (VKOA)

2. Deferred revenue (VKOA)

3. Unbilled receivables (OVUR)

Still when I am trying to save the contract the document goes into Incompletion asking for GL account for item 10.

Where as in account determination analysis the system has already showing the

1. Revenue account

2. Deferred revenue account

Kindly guide further.

Thanks & Regards,

Amrish Purohit

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1 Answer

  • author's profile photo Former Member
    Former Member
    Posted on Jul 20, 2009 at 02:17 PM

    Dear Amrish,

    Problem of this you did not maintain the provision account in your revenue account determination. Please go to vkoa transaction and maintatin this provisional account any account number.

    eg; application: v. condition type: kofk, chart of account: int, sales org: 0001, revenue account: 89999, provisional account 788888 (something)

    I hope you understood

    Thanks & regards

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    • Former Member

      Also pls check whether the customer has extended to required company code or not.

      You need to have 4 accounts to use Revenue Recognition functionality.

      1.Deferred Revenue A/C

      2.Unbilled Receivables A/C

      3.Recognised Revenue A/C

      4.Customer A/C

      Regards,

      Sash.

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