SAP Revenue Accounting And Reporting - Marlabs

SAP Revenue Accounting And Reporting

To recognize revenues either as an event or based on time, SAP developed SD revenue recognition functionality in 2005. Many customers have began using this since then and it has become a stable component. 

SAP ECC based SD Revenue Recognition (Application component SD-BIL-RR) will not be available within SAP S/4HANA. Instead of this functionality, the newly available SAP Revenue Accounting and Reporting functionality should be used. This new functionality supports the new revenue accounting standard as outlined in IFRS15 and adapted by local GAAPs. The migration to the new solution is required to comply with IFRS15, even if no Conversion to SAP S/4HANA is performed.

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Marlabs Inc.

About Marlabs Inc.

Marlabs helps leading companies around the world make operations sleeker, keep customers closer, transform data into decisions, de-risk cyberspace, boost legacy systems, and capture novel opportunities and digital-led revenues. It provides digital-first strategy and advisory services, rapid solution incubation and prototyping, and agile digital solution engineering. Marlabs is headquartered in New Jersey, with offices in the US, Germany, and India. Its 2,500+ global workforce includes highly experienced technology, platform, and industry specialists from the world’s leading technical universities.

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