SAP RAR Optimized Contract Management: Period End Activities & Reporting
There are 3 period end closing activities in Revenue Accounting and Reporting (RAR). One can use Fiori apps, Programs or Transaction Codes to execute them. Below are the details –
|Srl No.||Period End Activities||Programs||Transaction Code||Fiori Apps|
|1.||Transfer Revenue||FARR_REV_TRANSFER||FARR_REV_TRANSFER||Transfer Revenue|
|2.||Calculate Contract liabilities and Assets||FARR_CONTRACT_LIABILITY||FARR_LIABILITY_CALC||Calculate Contract liabilities and Assets|
|3.||Revenue Posting run||FARR_REVENUE_POSTING||FARR_REV_POST||Start Revenue Posting run|
Contracts taken into account – 1000000501, 1000000301, 1000000300, 1000000200, 1000000103
Manually transaction in sequence will be executed starting from 1st Transfer Revenue, 2nd Calculate Contract Liabilities and Assets followed by 3rd Revenue Posting Run. Once the revenue posting job completed successfully, system will post accounting document for all open contract for revenue recognition.
Executed Jobs can be checked in Fiori App – Revenue Job Posting Run
Step 2 – Calculate Contract Liabilities and Assets
This program calculates contract liabilities and contract assets. There are no accounting entries posted in this step.
Step 3 – Revenue Posting Run
This program transfers revenue postings to the general ledger and other corresponding ledgers. Accounting entries are posted in this step in posting mode.
Reports are available which displays amounts, allocated amounts, posted revenue, invoiced amount, and others for contracts and performance obligations of each period. The items are clubbed under category such as Contract, Performance obligation type.
1. Posted Amount by Contract
Links for Previous Blog Posts on RAR Business Use Cases –
This brings us to end of SAP RAR Optimized Contract Management Period End Activities & Reporting Blog. Hope you find this blog informative and helpful.