Contract Accounting - Contract-Based Revenue Recognition (3L3)

Contract Accounting - Contract-Based Revenue Recognition (3L3)

In this scope item, you integrate contract-based revenue recognition with contract accounting. You can create provider contracts with service-based products and invoice documents. A back-end service transfers revenue accounting items to contract-based revenue recognition. In addition, you can make a change scenario to provider contracts such as upsell, cross sell, down sell, renewal, and so on.

Key Process Steps Covered

  • Create provider contract with service-based product
  • Create invoice document
  • Update provider contract
  • Transfer revenue accounting items to revenue accounting
  • Display revenue accounting items

Benefits

  • Get end-to-end scenarios from contract accounting to revenue recognition
  • Get complete lifecycle change scenarios for provider contracts

Where is Contract Accounting - Contract-Based Revenue Recognition(3L3) being used?

This Scope item is used in the following way:

  • As a core function of Subscription Billing and Revenue Management within Finance Scope Item Group

Process flow of Contract Accounting - Contract-Based Revenue Recognition (3L3)

Find below the process flow of the scope item Contract Accounting - Contract-Based Revenue Recognition as it is defined for release s4h-2021.


Download Process Flow of Best Practice scenario Contract Accounting - Contract-Based Revenue Recognition (3L3) - S/4HANA OP
Ref: Finance of SAP S4H-2021
Best Practices related to S/4HANA*1) Yearly Updates are released per September of each year
*2) The Quarterly updates are released per Februari, May, August and November
Details of future releases can be found in the SAP Roadmap section of each product. Go to SAP Roadmap Product Finder.
Knowledge Center Scheer Nederland | The Process Experts Visit also the SAP Cloud ERP knowledge center of Scheer Netherlands. The following topics are covered:
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