SAP ByDesign - Contract Liability and Contract Asset

[alanheng0929]

I have re-run revenue and checked through the accounting double entries.

All seem fine except that contract asset and contract liability, in which the system has posted in two line items. Per understanding, it would be just a net amount posted in contract asset.

Anyone can advise?

Thanks.

Regards,

Alan

[stefan_mueller]

Hello Alan,
I assume you have enabled IFRS15/ASC606 capabilities and are using RACs (Revenue Accounting Contracts) with POBs. Can you show screenshots of :
a) the RAC showing the allocation base.
b) the RAC report showing the displayed posting situation in the excel
Regards

Stefan

[k_bar]

Additionally, what are the cost estimates for each performance obligation, and are they invoiced proportionately to the total?