In a business relationship, it is essential that business partners exchange information regularly throughout the logistics chain. In Sales and Distribution processing, this exchange of information is supported by texts in master records and documents, which can be flexibly tailored to suit individual customer requirements.
Texts can be used in numerous areas of Sales and Distribution, such as:
Sales notes for customers
Sales texts for materials
Explanations in order confirmations
Shipping instructions in deliveries
You can define as many text types as you require for master records and documents (sales texts, shipping texts, internal notes, supplement texts, and so on).
You make the settings for the texts in Customizing for Sales and Distribution under Text Control.
You reach the data Select Countries for Maintaining Tax Conditions screen.
Position the cursor on the country for which you want to maintain a tax record and choose Tax records.
Enter the relevant data.
To save the tax record, choose Save.
To be able to use revenue recognition, you should select several special general ledger accounts. Choose: Sales and Distribution -> Basic Functions -> Account assignment/Costing -> Revenue Recognition
Determining the Revenue Account
Revenue recognition uses revenue account determination. To set up revenue account determination, use transaction VKOA.
Determining Non-Billed Receivables Accounts
The account for non-billed receivables is a special general ledger account, used to determine revenue which has been implemented but not yet billed.
If you want to set up an account, join an account with non-billed receivables together with a customer reconciliation account which is a part of your chart of accounts. You can use the transaction OVUR for this.
The standard system has the balance sheet account 142100 for non-billed receivables in the USA and in Canada (Accruals and Deferred Income).
Determining the Deferred Revenue Account
The deferred revenue account is a special general ledger account, used to determine revenue which has been billed but not yet implemented.
The system determines the deferred revenue account for a document item using standard SD account determination. Use the transaction VKOA for this.