What is 'settlement statement/division of interest cross reference' in SAP IS-OIL-PRA-REV - Revenue?

settlement statement/division of interest cross reference - Overview

• Component: IS-OIL-PRA-REV

• Component Name: Revenue

• Description: A function that links a purchaser's unique property data to SAP's venture data.

settlement statement/division of interest cross reference - Details

• 
  Key Concepts: 
  Settlement statement/division of interest cross reference is a component of the IS-OIL-PRA-REV Revenue Accounting module in SAP. It is used to reconcile the division of interest between two or more parties in a transaction. This is done by comparing the division of interest in the settlement statement to the division of interest in the contract. 
  
  How to use it: 
  The settlement statement/division of interest cross reference component can be used to ensure that all parties involved in a transaction are receiving their correct share of revenue. To use this component, first enter the contract details into SAP. Then, enter the settlement statement details into SAP and compare them to the contract details. If there are any discrepancies, they can be corrected before the transaction is finalized. 
  
  Tips & Tricks: 
  It is important to double-check all entries when using this component to ensure accuracy. Additionally, it is helpful to keep a copy of the contract and settlement statement on hand for easy reference when reconciling the division of interest. 
  
  Related Information: 
  This component is part of the IS-OIL-PRA-REV Revenue Accounting module in SAP. Other components in this module include revenue recognition, revenue distribution, and revenue allocation.