Revenue Contract (cirrc1600m000)
Use this session to create and maintain revenue contracts for the revenue recognition methods.
Field Information
- Financial Company
-
The financial company for which the revenue contract is defined.
Note: The Company Type must be Both or Financial. - Description
-
The description or name of the code.
- Revenue Contract
-
The code of the revenue contract.
- Status
-
The status of revenue contract.
Note: By default, this field is set to Open.Allowed values
- Open
- To Be Closed
- Closed
- Active
- Canceled
- Not Applicable
- Sold-to Business Partner
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The sold-to business partner linked to the revenue contract.
- Description
-
The description or name of the code.
- Order Date
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The date and time in which the revenue contract is defined.
- Revenue Recognition Level
-
The level based on which the revenue is recognized in case of bundling.
Note: By default, this field is set to Revenue Line.Allowed values
- Revenue Line
-
Indicates that every Revenue Line (for instance: sales delivery line) can be recognized separately.
- Revenue Document Line
-
Indicates that all Revenue Lines within a Revenue Document Line must be recognized at the same time. For instance, revenue recognition date based on is defined as delivery date + 10 days. For a sales order line, there are two deliveries: one on 05/01 and one on 10/1. Hence, for both deliveries the planned recognition date will be 20/01.
- Not Applicable
- Revenue Contract
-
Indicates that all Revenue Lines within all Revenue Document Lines within the same contract must be recognized at the same time. For example, revenue recognition date based on is delivery date + 10 days. A contract exists of a sales order with two lines: one line with two deliveries: one on 05/01 and one on 10/01 and one line with one delivery on 15/01, furthermore a sales return order linked to this sales order with one line and one receipt on 20/01 and furthermore a service installation with a delivery of 15/02. This means, the planned recognition date will be 25/02, for all revenue lines.
- Rev. Contract / Document Business Object
-
Indicates the same as option Revenue Contract, but now by Business Object. In the example above: the sales order with two lines and 3 deliveries in total will get planned recognition date of 25/01, the sales return order 30/01 and the service order 25/02.
- Rev. Contract / Original Business Object
-
Indicates the same as option Revenue Contract / Business Object, but now by Original Business Object instead of Business Object. In the example above, this means the sales order and the sales return order are taken together with planned recognition date 30/01. The service order gets planned recognition date 25/02.