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

[Former Member]

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

[Former Member]

Hi

you can overcome this issue of G/l account missing while saving the document is by assigning the Account key of that condition type in

img-> sales and Disrtibution->account assignment /Costing->revenue account determination-->defina and assign account keys

here you have to assign the account keys you are using for that condition type in pricing procedure against the same conditiontype in the accurals field.

this will solve your problem

[Former Member]

Hi,

I'm interested to know your experience with this topic because I'm just starting with it. Could you please explain me how it works??

Thank you in advance.

Caroline