Real Estate component also uses the Accrual Engine application for accruals/deferrals of revenue and expenses. Here’s a simple guide on how to set-up & activate the accruals/deferrals in RE component.
1. Assign Company Code to RE Application Component
Path: IMG → Flexible Real Estatement Management (RE-FX) → Accounting → Accrual/Deferral → Basic Settings → Assign Company Codes.
Transaction Code: SPRO
2. Define Accounting Principle
Path: IMG → Flexible Real Estatement Management (RE-FX) → Accounting → Accrual/Deferral → Basic Settings → Accounting Principles → Define Accounting Principles.
Transaction Code: SPRO
3. Assign Accounting Principle to Company Code
Path: IMG → Flexible Real Estatement Management (RE-FX) → Accounting → Accrual/Deferral → Basic Settings → Accounting Principles → Assign Accounting Principles to Company Code.
Transaction Code: SPRO
4. Define Accrual Types
Path: IMG → Flexible Real Estatement Management (RE-FX) → Accounting → Accrual/Deferral → Basic Settings → Accrual Types → Define Accrual Types.
Transaction Code: SPRO
5. Define Accrual Methods
Path: IMG → Flexible Real Estatement Management (RE-FX) → Accounting → Accrual/Deferral → Accrual Calculation → Accrual Methods → Define Accrual Methods.
Transaction Code: SPRO
6. Define Standard Settings for Accrual Calculation
Path: IMG → Flexible Real Estatement Management (RE-FX) → Accounting → Accrual/Deferral → Accrual Calculation → Define Standard Settings for Accrual Calculation.
Transaction Code: SPRO
7. Define Posting Control
Path: IMG → Flexible Real Estatement Management (RE-FX) → Accounting → Accrual/Deferral → Accrual/Deferral Posting → Define Posting Control.
Transctin Code: SPRO
8. Define Number Ranges for Periodic Posting Runs
Path: IMG → Flexible Real Estatement Management (RE-FX) → Accounting → Accrual/Deferral → Accrual/Deferral Posting → Number Ranges → Define Number Ranges for Periodic Posting Runs.
Transaction Code: SPRO
9. Define Number Ranges for Application Log
Path: IMG → Flexible Real Estatement Management (RE-FX) → Accounting → Accrual/Deferral → Accrual/Deferral Posting → Number Ranges → Define Number Ranges for Application Log.
Transaction Code: SPRO
10. Define Number Ranges for Accrual Engine Document
Path: IMG → Flexible Real Estatement Management (RE-FX) → Accounting → Accrual/Deferral → Accrual/Deferral Posting → Number Ranges → Define Number Ranges for Accrual Engine Document.
Transaction Code: SPRO
11. Define Number Ranges for Assigning ACC Doc. to ACE Doc.
Path: IMG → Flexible Real Estatement Management (RE-FX) → Accounting → Accrual/Deferral → Accrual/Deferral Posting → Number Ranges → Define Number Ranges for Assigning ACC Doc. to ACE Doc.
Transaction Code: SPRO
12. Define Combination of Characteristics
Path: IMG → Flexible Real Estatement Management (RE-FX) → Accounting → Accrual/Deferral → Accrual/Deferral Posting → Account Determination → Define Combination of Characteristics.
Transaction Code: SPRO
13. Define Set of Rules for Extended Account Determination
Path: IMG → Flexible Real Estatement Management (RE-FX) → Accounting → Accrual/Deferral → Accrual/Deferral Posting → Account Determination → Define Set of Rules for Extended Account Determination.
Transaction Code: SPRO