on 11-05-2008 1:54 PM
Hi all,
I copied document type MV & saved as Z type. I created a rental contract as follows:
1. Entered the customer & material - pricing was automatically carried out. The rent for every month is 300$.
2. At the header level, I carried out the indirect date determination - in the acceptance date, i entered today's date (05.11.08) & the system automatically determined the contract start date & end date.
Contract start date: 05.11.08
Contract end date: 04.11.09.
So the contract is valid for 1 year.
3. I clicked on the billing plan at the header level, the billing is to be carried out quarterly in advance. The system determined the billing dates as under:
Settlement........ To ............. Billing Date
05.11.2008....... 31.01.2009..... 01.11.2008
01.02.2009...... 30.04.2009..... 01.02.2009
01.05.2009...... 31.07.2009..... 01.05.2009
01.08.2009...... 31.10.2009..... 01.08.2009
01.11.2009...... 04.11.2009..... 01.11.2009
I checked at the item level & the system displayed the dates & amount as under:
Settlement..... To............. Billing Date..... Bill Value
05.11.2008..... 31.01.2009..... 01.11.2008..... 300$
01.02.2009..... 30.04.2009..... 01.02.2009..... 300$
01.05.2009..... 31.07.2009..... 01.05.2009..... 300$
01.08.2009..... 31.10.2009..... 01.08.2009..... 300$
01.11.2009..... 04.11.2009..... 01.11.2009..... 300$
Problem:
The contract is valid for 1 year, so according to the monthly rental of 300$, the total rent should be calculated as 300$ multiplied by 4 quarters = 1200$. But according to the system the total value is 1500$. This means 1 quarter extra. When I give the contract start as today's date then the system should determine the dates as below:
Settlement...... To.......... Billing Date
05.11.2008...... 04.02.2009...... 01.11.2008
05.02.2009...... 04.05.2009...... 01.02.2009
05.05.2009...... 04.08.2009...... 01.05.2009
05.08.2009...... 04.11.2009...... 01.08.2009
Why is this happening. Can I control this by configuration? Please suggest me.
Revenue recognition:
If the revenue is received at the start of every quarter but I need to post the Accounts receivable for every month, so how can i do this. Is there any configuration for this. please explain.
With best regards,
Niyaz Sayyed.
Hi Niyaz,
I also have similar scenario that u mentioned here.
In my scenario --
the rentatl cotract is valid for 4 years and the billing should happen at the begining of each quarter
Means the customer will be billed for 16 times at the beginning of quarter.
But I have not worked on contracts or periodic billing so I am finding it difficult to map the scenario.
You have cover that scenario about 90 % so plzz share the steps with me that you followed to create it.
1) Shall I create a service material first ?
2) Shall I maintain the pricing and service tax record for it?
3) How to Maintain the contract for that material?
4) How to maintain periodic billing plan? with 16 quarterly spread dates?
5) Where to assign this billing plan ? to the Contract or to the billing document?
6) how to create billing for that contarct ? it will created automatically or we have to release it from
Billing due list?
your explanation will really be very very helpful to me. Plzz suggest me whatever steps you have followed
in your scenario. bcoz u have already everything required. plzz guide me
Regards,
Vojas
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Since no reply, I am closing the issue
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