What is freeze date in SAP FI-RA - Revenue Accounting?

SAP Term: freeze date

• Component: FI-RA

• Component Name: Revenue Accounting

• Description: The date when the service provider stops providing the service to the customer. The revenue recognition of the time-based performance obligation POB is stopped from the freeze date.

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• Key Concepts: 
  A freeze date in SAP FI-RA Revenue Accounting is a date used to determine the period in which revenue and expenses are recognized. It is used to ensure that all transactions are accounted for in the correct period. The freeze date is set by the user and can be changed at any time. 
  
  How to use it: 
  The freeze date is used to determine when revenue and expenses should be recognized. It is set by the user and can be changed at any time. When setting the freeze date, it should be set to a date that is before the end of the period in which the transactions are to be recognized. This ensures that all transactions are accounted for in the correct period. 
  
  Tips & Tricks: 
  When setting the freeze date, it is important to ensure that it is set to a date that is before the end of the period in which the transactions are to be recognized. This will ensure that all transactions are accounted for in the correct period. Additionally, it is important to remember that the freeze date can be changed at any time, so it should be monitored regularly to ensure accuracy. 
  
  Related Information: 
  For more information on SAP FI-RA Revenue Accounting, please refer to SAP's official documentation on their website. Additionally, there are many online resources available that provide tutorials and tips on how to use SAP FI-RA Revenue Accounting.