Skip to Content
author's profile photo Former Member
Former Member

Revenue Recognition before Invoice

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

Add a comment
10|10000 characters needed characters exceeded

Related questions

1 Answer

  • author's profile photo Former Member
    Former Member
    Posted on Nov 17, 2011 at 11:11 AM

    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

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.