Enter Revenue Recognition Basic Data

Explanation

This activity is used to enter basic and default data for the revenue recognition process.

A user group defined for ordinary periods is required for revenue recognition. If revenue recognition is to be performed for year-end periods, a user group for the year-end is required.
At least one voucher type connected to the function group P is required. If revenue recognition is to be executed independently on Internal Ledger and General Ledger, three voucher types of function group P are required :

The values entered in this window will be used as default values when creating vouchers related to revenue recognition.

Open the Revenue Recognition Information window. The window is automatically populated when it is opened.
Select whether revenue recognition should be performed only for ordinary periods or for both ordinary and year end periods.
Select the user group allowed to create revenue recognition vouchers for the ordinary periods by using the List of Values.
If Ordinary/Year Closing is selected for revenue recognition period type, select the user group allowed to create revenue recognition vouchers for year end periods by using the List of Values.
Select the default voucher type for All Ledgers by using the List of Values, where all the voucher types connected to the function group P with ledger selection GL, Affect IL and GL Only are displayed.
Save the changes.

Complete the following additional steps if revenue recognition in to be executed independently in Internal Ledger and General Ledger.

Select the default voucher type for General Ledger by using the List of Values, where all the voucher types connected to the function group P with ledger selection GL Only are displayed.
Select the default voucher type for Internal Ledger by using the List of Values, where all the voucher types connected to the function group P with ledger selection IL Only are displayed.
Save the changes.