Custom Cost Recognition

Problem

SAP Business ByDesign system does not recognize cost on "time" or "days" in revenue recognition process

Currently, this is a gap in standard SAP ByDesign

Solution

A Custom ERP Logic "Add-on" solution recognizes the Cost booked against the purchases at the time of Goods Receipt Voucher (GRV) or Supplier Invoices

At the time of recognition, the expenses or Cost incurred is booked in a deferred account

Eventually the Customized Revenue Recognition Run moves the balance from deferred account to the actual cost account based on custom configuration set up

The Add-on can also be further customized 

Business Value

The custom solution improves the financial reconciliation

Meets the compliance and Financial standard requirements

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