What is accrual/deferral in SAP FIN-FSCM-TRM-TM - Transaction Manager?

SAP Term: accrual/deferral

• Component: FIN-FSCM-TRM-TM

• Component Name: Transaction Manager

• Description: A function performed at a certain key date that is used to determine the correct income for the accounting period. Receipts and expenditures are assigned to the relevant period to determine expenses and revenues. Flows are generated by the accrual/deferral function in the Treasury component, and are transferred to Financial Accounting.

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• Key Concepts: 
  Accrual/deferral is a feature of SAP Transaction Manager (FIN-FSCM-TRM-TM) that allows for the recognition of revenue and expenses at different points in time than when the actual cash transaction occurs. This is done by creating an accrual or deferral document that records the difference between the cash transaction and the accounting transaction. 
  
  How to use it: 
  Accrual/deferral documents can be created in SAP Transaction Manager by entering the relevant data into the document. This includes the amount of the accrual or deferral, the date of the transaction, and any other relevant information. Once the document is created, it can be posted to the general ledger and used to adjust the financial statements accordingly. 
  
  Tips & Tricks: 
  When creating an accrual/deferral document, it is important to ensure that all of the data entered is accurate and up-to-date. This will help to ensure that the financial statements are accurately adjusted and that any discrepancies are quickly identified and corrected. 
  
  Related Information: 
  Accrual/deferral documents can be used in conjunction with other features of SAP Transaction Manager, such as payment terms and payment methods, to further streamline financial processes. Additionally, accrual/deferral documents can be used to track deferred revenue or expenses over time, allowing for better forecasting and budgeting.