What is secondary product in SAP IS-OIL-PRA-REV - Revenue?

SAP Term: secondary product

• Component: IS-OIL-PRA-REV

• Component Name: Revenue

• Description: The secondary product is either NGL natural gas liquid or residue.

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• Key Concepts: 
  Secondary product is a term used in the SAP IS-OIL-PRA-REV Revenue Recognition component. It refers to a product that is produced as a result of the primary product, such as a by-product or co-product. This secondary product can be sold separately or used in the production of other products. 
  
  How to use it: 
  In SAP IS-OIL-PRA-REV Revenue Recognition, secondary products are used to track the revenue associated with the production of the primary product. This allows for accurate revenue recognition and reporting. The secondary product can be tracked in the system by assigning it a unique code and entering its details into the system. 
  
  Tips & Tricks: 
  When entering details for a secondary product into SAP IS-OIL-PRA-REV Revenue Recognition, it is important to ensure that all relevant information is included. This includes the name of the product, its quantity, and its price. This will ensure that accurate revenue recognition and reporting can be achieved. 
  
  Related Information: 
  For more information on SAP IS-OIL-PRA-REV Revenue Recognition, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials and tips on how to use this component effectively.