What is time-based deferred revenues in SAP FI-CA - Contract Accounts Receivable and Payable?

SAP Term: time-based deferred revenues

• Component: FI-CA

• Component Name: Contract Accounts Receivable and Payable

• Description: Price Optimization for Banking CA-FS-PO Revenues that become effective at a known time in the future.

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• Key Concepts: 
  Time-based deferred revenues are a type of contract account receivable in the FI-CA component of SAP. This type of account is used to record revenue that has been earned but not yet received. It is based on the timing of when the revenue is expected to be received, rather than when it was earned. 
  
  How to use it: 
  Time-based deferred revenues are used to record revenue that has been earned but not yet received. The amount of revenue that is recorded in this account is based on the timing of when the revenue is expected to be received, rather than when it was earned. This allows for more accurate financial reporting and forecasting. 
  
  Tips & Tricks: 
  It is important to ensure that the timing of when the revenue is expected to be received is accurate, as this will affect the amount of revenue that is recorded in this account. Additionally, it is important to ensure that all relevant information regarding the contract and the expected payment date are accurately recorded in SAP. 
  
  Related Information: 
  Time-based deferred revenues are related to other types of contract accounts receivable, such as milestone-based deferred revenues and performance-based deferred revenues. Additionally, they are related to other components of SAP, such as FI-AR (Accounts Receivable) and FI-AP (Accounts Payable).