How to use OVACT - Revenue Recognition: Activations

SAP Transaction Code - Details

• Transaction Code: OVACT

  Description: Revenue Recognition: Activations

  Release: S/4HANA and ECC 6

• • Program:

    Screen: 0

    Authorization Object:

  • Development Package: VFE

    Package Description:

    Parent Package:

  • Module/Component:

    Description:

Smart SAP Assistant

• SAP Tcode: OVACT - Revenue Recognition: Activations

  
  Overview:
  The SAP transaction code OVACT is used to activate revenue recognition in the SAP system. This code is used to set up the parameters for revenue recognition and to ensure that the system is correctly configured for the recognition of revenue. 
  
  Functionality: 
  The OVACT transaction code allows users to set up the parameters for revenue recognition in the SAP system. This includes setting up the criteria for when revenue should be recognized, as well as setting up the accounts that will be used for the recognition of revenue. The OVACT transaction code also allows users to view and edit existing revenue recognition parameters. 
  
  Step-by-step How to Use: 
  1. Enter the OVACT transaction code into the command field. 
  2. Select “Create” from the menu bar. 
  3. Enter the criteria for when revenue should be recognized, such as a specific date or a specific amount of sales. 
  4. Select the accounts that will be used for the recognition of revenue. 
  5. Select “Save” from the menu bar to save your changes. 
  6. Select “Execute” from the menu bar to activate your changes in the system. 
  
  Other Recommendations: 
  It is important to ensure that all of the parameters for revenue recognition are correctly set up in order to ensure accurate and timely recognition of revenue in the SAP system. It is also important to regularly review and update these parameters as needed in order to ensure that they remain up-to-date and accurate.