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Revenue Recognition lines in VF44 is lost

former_member565100
Active Participant
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197

We have advance billing concept and have revenue recognition concept for the same.The first billing is done in advance i.e amonth ahead ,then the next billing would be done in the next month ..again an advance billing.By the time the revenue for the first billing is done,the second billing is also completed as its advance billing.Hence now the revenue recogniton lines are not getting displayed in VF44 ,for the first billing doc-it disappears.Can anyone please advice as to how we could get back the lost revenue line items.

Pls help.

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Answers (1)

Answers (1)

Former Member
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which type of Revenue Recognition is being used(A, B or D)

former_member565100
Active Participant
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Hi

Its time based -B.

Former Member
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do you use call-off order or delivery as the next step after creation of the original order/contract

former_member565100
Active Participant
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After contract we do a billing based onthe billing plan and our first billing plan is Feb 15th to March 14th - billed on Jan 15th and then March15th to April 14th billed in Feb 15th as they are advance billing and revenue for Feb is recognised on March 1st and in this case ..as second billing is already done before the revenue recognition is done for First billing which is due on March 1st or Feb 28 .As the second billing is done..the fiest billing lines rev rec lines are lost and can no more be recognised.

Please help with a solution.

Former Member
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Hello,

In case of Type 'B', the revenue lines will be created depending on the which of the Best Practices document process you are using.

Please confirm which is the process being use(Process 4, 5, 6 or 7).

Regards,

Raghavendra

former_member565100
Active Participant
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Where do i check the process can you give me the Menu path.Sorry we are using REv rec - A-Time related revenue recognition.

former_member565100
Active Participant
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Can anyone please reply to this query .

Former Member
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Hi,

You're talking about maintenance contracts that are billed under a billing plan.

You have to select is Rev. Recognition = "A " and Acc Period start = "B".

Everything will work correctly according to the dates of the billing plan.

Greetings

former_member565100
Active Participant
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Every thing is working fine when it is norml billing.However when we do a advance billing then the rev rec line items get deleted.For ex:Monthly billing for one month in advance.

Please advice.