Revenue Accounts In Sap

Comply with new statutory regulations for revenue recognition such as ifrs 15 while supporting existing requirements with the sap revenue accounting and reporting application.

Revenue accounts in sap. If the sender components do not transfer any g l accounts with the operative. Handle orders invoices and events from multiple sap and non sap systems and gain flexibility by decoupling revenue recognition rules from order entry and billing. In the regular process sap recognizes revenue as soon as the billing document is posted to accounting. Here on posting a billing document to account based on this revenue account determination system determines relevant g l accounts for revenue posting.

It will need to determine the accounts to be posted in several different areas. Revenue accounting document header pra acc doc hdr accounts receivable balance pra ar rec bal onrr 2014 payable summary pra fp pay sum onrr 2014 suspend reason code pra fp src payment processing payable summary pra pp pay sum payment processing suspense summary pra pp sus sum. Sap s revenue recognition functionality enables you to post the billing documents and recognize revenue at different points in time. Used tables and views.

G l accounts for posting sales revenue sales deductions and vat are to be determined automatically when data is transferred from the billing document to fi. What is the usage in sap. This blog starts by providing a brief understanding of ifrs international financial reporting standard 15 revenue from contracts with customers and then lays down how saps rar revenue accounting and reporting solution helps in complying with the same. As like any other basic function configuration like pricing its configuration.

Revenue account determination is one critical integration point between sales distribution and financial module. Revenue account determination sap sd january 29 2018 revenue account determination is one critical integration point between sales distribution and financial module. Fscqs001 sap tcode for acct determination. Here on posting a billing document to account based on this revenue account determination system determines relevant g l accounts for revenue posting.

The receivables account customer account and the revenue account are posted with this transaction. Revenue accounts in sap. Here we would like to draw your attention to fscqs001 transaction code in sap as we know it is being used in the sap fi cax generic contract accounts receivable and payable in fi component which is coming under fi module financial accounting fscqs001 is a transaction code used for acct determination.