Estimated Contract Revenues per Period (tsctm4550m000)
Use this session to maintain the estimated contracts revenue per peroid. If the revenue is being recognized per contract then the estimated revenue is spread by the whole contract whereas if the revenue is being recognized per configuration then the revenue is spread per configuration. The estimated revenue is calculated based on the number of days in the period, irrespective of the revenue recognition method chosen in the contract header. When the recognition for a period is completed, the recognized amount is also updated. This would give an easy reference as to per period what is the expected revenue and what is the actual recognized amount.
Field Information
- Service Contract
- Description
-
The description of the service contract.
- Origin Contract Change
-
Indicates teh changed number where the configuration line was introduced.
- Configuration Line
-
The line number identifying the configuration for which the total amounts apply.
- Installation Group
- Installation Group
- Item
- Serial Number
- Item Description
-
The description of the item.
- Total Sales Amount
-
The total sales amount.
- Invoiced Amount
-
The amount that the business partner is invoiced for. This is based on the installments posted.
- Recognized Amount
-
The total of the recognized amount for the whole contract.
- Contract Effective Date
-
The date from which the contract is valid.
- Expiry Date
-
The date to which the contract is valid.
- Cancel Date
-
The date on which the contract is canceled.
- Total Sales Amount
-
The total sales amount of the configuration.
- Invoiced Amount
-
Invoiced amount based on the installments invoiced per configuration.
- Recognized Amount
-
Total of the recognized amount per configuration.
- Contract Effective Date
-
The date from which the configuration is valid.
- Expiry Date
-
The date to which the contract is valid.
- Period
-
The period or duration for the estimated contract.
- Number of Days
-
Total number of days for the period.
- Covered days
-
Number of days in the period in which the contract or configuration is part of this contract.
- Estimated Revenue
-
Estimated Revenue based on the number of days in the period. Contract amount per day is calculated based on the total number of days in the contract duration. The provision percentage is also considered to calculate the Net contract Amount. Net contract amount = (100 – p) * Total Contract Amount / 100. Amount per day = Net Contract Amount/ No of days in Contract. Amount based on days = Number of days contract or configuration belongs to the fiscal period * Amount per day. Cost Incurred is calculated based on the Cost incurred on contract for all costed Service orders/Calls/MSC orders in the period. This field will be updated from the Contract Cost lines at the moment of costing an order/call that is covered by this contract. This field would give a ready reference of the actual cost incurred in any period for a particular Contract/Configuration.
- Recognized Revenue
-
This field will represent the amount recognized so far, for the Contract or Configuration in the period. This field is filled when the Contract Revenue is recognized in the Contract Revenues Entity. This field would give a ready reference of the revenue recognized in a particular period.