What is revenue type in SAP FI-CA - Contract Accounts Receivable and Payable?

SAP Term: revenue type

• Component: FI-CA

• Component Name: Contract Accounts Receivable and Payable

• Description: A classification of general ledger items belonging to an assignment key during the processing of event-based deferred revenues. The assignment key represents a unit such as a product or service, for which event-based deferred revenues are posted.

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• Key Concepts: 
  Revenue type is a component of the FI-CA Contract Accounts Receivable and Payable module in SAP. It is used to classify and differentiate between different types of revenue, such as sales, services, or other income. Revenue types are used to determine the accounting treatment of the revenue and to ensure that it is properly recorded in the financial statements.
  
  How to use it: 
  Revenue types are used to classify different types of revenue in SAP. When creating a new revenue type, you will need to specify the accounting treatment for the revenue, such as whether it should be recorded as income or expense. You will also need to specify the tax treatment for the revenue type, such as whether it should be subject to VAT or not.
  
  Tips & Tricks: 
  When creating a new revenue type, make sure that you select the correct accounting and tax treatments for the revenue. This will ensure that your financial statements are accurate and that you are compliant with applicable tax laws.
  
  Related Information: 
  For more information on how to use revenue types in SAP, please refer to the SAP Help documentation.