VF44 - Revenue Recognition Worklist

After ZVF0403 is run to create advanced scheduled invoices, you use this procedure to recognise revenue for the Media Lab.

In addition, when a Media Lab contract/invoice is cancelled, you run this procedure to recognise "cancelled revenue".

1. Get started (SAP menu path, fast path)
2. Revenue Recognition: process worklist: initial screen
3. Revenue Recognition: process worklist
4. (Optional) Revenue Recognition: review documents created

1. Get Started

• SAP menu path

  Role ZSBM=>Advanced Scheduled=>Monthly Processing=> Deferred Revenue Recognition => VF44 - Revenue Recognition Worklist

• SAP Fast Path

  At the Command Line, enter: /nVF44

2. Revenue Recognition: process worklist: initial screen

1. Fill in Company code, Posting period/year, Posting level & Posting date.

   Company code

   CUR for main campus

   Posting period/year

   Revenue period that you wish to recognize. So if you enter a future posting period you can recognize the future revenue today.

   Posting level

   3 will recognize revenue per sales document item level per posting period. So if you ran for multiple posting periods, everything would be posted today but with separate FI documents. Blank will recognize revenue per sales document. So multiple line items will be posted to a single FI document with multiple line items. Multiple posting periods will not be distinguished.

   Posting date

   The date used for the FI document posting date

2. Click on Execute

   A list of revenue items to be recognised displays, as shown in the next step.

3. Revenue Recognition: process worklist

1. Select all the rows of revenue.

   To do so, click on the "Select all" button.

   As a result, a check mark appears in the Stat column of each row, as shown above.

2. Click on Save

   Result: When processing is complete, a log displays, as shown below.

4. (Optional) Revenue Recognition: review documents created

1. Select the group (for example, 1000003251 above) and click the "Documents" soft button (shown above).

   Result: The SD documents created in this run are listed by number, as shown below.

   

2. Select the document and click on the "Disp.doc." soft button (see button with glasses above).

   Result: The original bill is displayed (see below).

   

3. Click on the Accounting soft button (not displayed).

   The following FI and CO documents appear:

   

4. Select the last accounting document.

   The following FI document recognizing the revenue appears:

   

   Notice that the revenue account, 800602, has a 833.33 credit and the deferred revenue liability account, 202001, has a 833.33 debit.

5. Monthly Statement & Detailed Transaction Report after revenue has been recognized from an earlier run of VF44.