Fulfillment of Performance Obligations
Revenue Accounting manages the fulfillment statuses of performance obligations on its own. When a performance obligation qualifies as fulfilled, it is tracked as fulfilled in Revenue Accounting. The corresponding revenues and costs are then recognized in a revenue posting job, typically performed at the closing of an accounting period. Therefore, the data tracked in Revenue Accounting may be inconsistent with the general ledger until a revenue posting job is performed.
Revenue Accounting supports various calculations of performance obligation fulfillment. For example, performance obligations can be fulfilled in the following ways:
On the occurrence of a certain event
Over a period of time
Over a period of time that starts with an event
Manually managed