Revenue Recognition before Invoice

[Former Member]

Dear All,

we are configuring revenue recognition procedure for time based category and we are stuck at many places.

1) The scenario is to post the notional revenue amount to deferred revenue and unbilled revenue accounts with the procedure mentioned in SAP Best practice upto a certain time.

2) after that time period is over, actual revenue account should get posted to through standard invoice posting. the actual flow is of two types. we are trying the first and not succeeded as yet. (the one with contract - revenue recognition - invoice).

we do it as follows :

1) create contract through VA41. contract is value contract of type WK1 and with billing plan.

2) the revenue recognition configuration is done for item category and sales doc type both.

3) in VF44, we can see the contracts we created. but the collective processing button execution gives error that account of "S" is missing for line item 00000002.

4) also one more problem is, in the contract analysis - account analysis screen comes blank. (unlike sales order). how should we get this account determination?

5) VKOA setting is done for material group.

If these are not the correct steps, Please suggest the correct practice so that we can resolve this.

Thanks a lot,

Binita

[Former Member]

hi,

hope you have maintained the GL account in OVUR, one for revenue and one for unbilled account.

same way in VKOA you maintain the deferred account

regards,

Sudhir

[Former Member]

Yes it is done. in OVUR we have assigned unbilled revenue account against customer reco account and in VKOA, we have defined deferred revenue account as 'Provisional account' against the revenue account . still VF44 gives error and also value contract 's account analysis shows blank screen.

[Former Member]

Can anybody who has implemented revenue recognition share his knowledge? everything in the SAP best practices and notes are taken care of so far still no luck!

Thanks,

Binita