Chapter 10: Account Assignment and Revenue Recognition
After a billing document is saved, it is released to accounting, where it updates the various general ledger accounts. In this chapter, we will study how to configure SAP to determine the accounts and post the billing document automatically. Further, based on the requirements of the finance team, various pricing elements such as discounts, taxes, and price can be posted to different accounts. In this chapter, we will cover how to control the determination of various accounts.
Some organizations require that billing the customers and updating the revenue books should happen at different points in time. The revenue recognition functionality separates billing from revenue and lets you control ...
