What is deferred revenue account in SAP IS-HT-SW - Software Management?

SAP Term: deferred revenue account

• Component: IS-HT-SW

• Component Name: Software Management

• Description: The General Ledger account number used to track deferred revenue.

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• Key Concepts: 
  A deferred revenue account is an accounting term used to refer to a liability account that records the amount of revenue that has been received but not yet earned. This account is used to track the amount of money that a company has received from customers for services or products that have not yet been delivered. The deferred revenue account is also known as an unearned revenue account. 
  
  How to use it: 
  In SAP IS-HT-SW Software Management, the deferred revenue account is used to track the amount of money that a company has received from customers for services or products that have not yet been delivered. The deferred revenue account is used to record the amount of money that has been received but not yet earned. This information can then be used to calculate the company’s total liabilities and net income. 
  
  Tips & Tricks: 
  When using the deferred revenue account in SAP IS-HT-SW Software Management, it is important to ensure that all transactions are accurately recorded and tracked. This will help ensure that the company’s financial statements are accurate and up-to-date. 
  
  Related Information: 
  The deferred revenue account is closely related to other accounting terms such as accounts receivable, accounts payable, and accrued expenses. It is important to understand how these terms are related in order to accurately track and report financial information in SAP IS-HT-SW Software Management.