Depository: A bank or company which holds funds or securities deposited by

others, and where exchanges of these securities take place.

Sundry: assorted, miscellaneous, mixed, motley, stuff

Lockbox receipts: Some municipal courts only accept payments when the office is open. Other
municipal courts provide a mechanism for payments to be made when the office is
closed. Those courts that do provide for after-hours payments generally do so via some
sort of lock or drop box.
Similar to mail collections, proper management of lockbox collections is important
because the person making payment is not present when the payment is physically
received by the court. Additionally, lockbox payments are even more likely to be made
in cash than payments received in the mail. The goals concerning lockbox collections are
to establish a clear audit trail and to ensure and document the proper handling of lockbox
collections. Lockbox collections should be processed correctly and timely. Lockbox
collections should be processed daily.

Escheatment: abandon building

Control Report Adjustments - Interest, Control Reporting - Reclassification of

Receivable and Payable

Intercompany transaction
Transaction carried out between two units of the same corporation.

A transaction that occurs between two companies. For example, if a supplier sells to
a retailer, this is said to be an intercompany transaction. It should not be confused
with an intracompany transaction.

Overseas Branch Accounting or Foreign Branches

When a branch is established abroad. It is called a Foreign Branch. The accounting arrangements
for a foreign branch are exactly the same as for any independent branch up to the Trial Balance.
But in this case accounts are maintained in foreign currency to correspond with the local
conditions. The main problem, which the Head Office has to face, is the restatement of accounts
one currency into another. In order to incorporate the Trial Balance of a foreign branch in the
books of the Head Office. It must be translated (using appropriate exchange rates) into the
currency of the Head Office.
Profit Elimination : Accounting entries used when preparing Consolidated Financial
Statements between a Parent Company and a Subsidiary Company. Examples of
eliminations are the elimination of intercompany profit, receivables, payables, sales,
and purchases. Thus the consolidated entity reports financial statement figures
applicable to outsider transactions. Where many eliminations are involved, an
eliminations ledger may be used. Eliminations are also involved in preparing
combining financial statements. See also Consolidation.

Workers' compensation (colloquially known as workers' comp or workman's

comp in North America and compo in Australia) is a form of insurance that
provides wage replacement and medical benefits for employees who are injured in
the course of employment, in exchange for mandatory relinquishment of the
employee's right to sue his or her employer for the tort of negligence. The tradeoff
between assured, limited coverage and lack of recourse outside the worker
compensation system is known as "the compensation bargain." While plans differ
between jurisdictions, provision can be made for weekly payments in place of
wages (functioning in this case as a form of disability insurance), compensation for
economic loss (past and future), reimbursement or payment of medical and like
expenses (functioning in this case as a form of health insurance), and benefits
payable to the dependents of workers killed during employment (functioning in this
case as a form of life insurance). General damages for pain and suffering, and
punitive damages for employer negligence, are generally not available in worker
compensation plans, and negligence is generally not an issue in the case.

UCC overhead (Uniform Commercial Code):

§ 2-708. Seller's Damages for Non-acceptance or Repudiation.

(1) Subject to subsection (2) and to the provisions of this Article with respect to proof of market
price (Section 2-723), the measure of damages for non-acceptance or repudiation by the buyer is
the difference between the market price at the time and place for tender and the unpaid contract
price together with any incidental damages provided in this Article (Section 2-710), but less
expenses saved in consequence of the buyer's breach.

(2) If the measure of damages provided in subsection (1) is inadequate to put the seller in as good
a position as performance would have done then the measure of damages is the profit (including
reasonable overhead) which the seller would have made from full performance by the buyer,
together with any incidental damages provided in this Article (Section 2-710), due allowance for
costs reasonably incurred and due credit for payments or proceeds of resale.
):

§ 2-708. Seller's Damages for Non-acceptance or Repudiation.

(1) Subject to subsection (2) and to the provisions of this Article with respect to proof of market
price (Section 2-723), the measure of damages for non-acceptance or repudiation by the buyer is
the difference between the market price at the time and place for tender and the unpaid contract
price together with any incidental damages provided in this Article (Section 2-710), but less
expenses saved in consequence of the buyer's breach.

(2) If the measure of damages provided in subsection (1) is inadequate to put the seller in as good
a position as performance would have done then the measure of damages is the profit (including
reasonable overhead) which the seller would have made from full performance by the buyer,
together with any incidental damages provided in this Article (Section 2-710), due allowance for
costs reasonably incurred and due credit for payments or proceeds of resale.

Advalorem : An ad valorem tax (Latin for according to value) is a tax based on the value of
real estate or personal property. It is more common than a specific duty, a tax based on the
quantity of an item, such as cents per kilogram, regardless of price.

An ad valorem tax is typically imposed at the time of a transaction (a sales tax or value-added
tax [VAT]), but it may be imposed on an annual basis (real or personal property tax) or in
connection with another significant event (inheritance tax, surrendering citizenship,[1] or tariffs).

Resource Related Billing (RRB) for Sales and Distribution: in SAP

Resource related billing is used for Make-to-order production, external plant maintenance in
Service Company and specific services as consulting
In case of consulting company- The total value of the project depends on several factors and are
pulled from diverse sources such as

» Number of resources used on the project

» Number of man hours spent

» Expenses incurred during the project

To calculate prices and cost incurred we can use DP91- Dynamic item processor profile
functionality on SAP Easy access menu.
Configuration of profile for RRB
IMG-SD-Sales-Sales documents-Customer service-service quotation/RRB-Profiles for
RRB/quotation creation (T-code- ODP1).Standard profile is given. It is recommended to copy
and change it to your needs.
1) Profile- Name of the profile.

2) Select the profile and double click-For RRB - select Billing and results analysis

Enter desired document type for debit and credit. Tick mark the field- process dynamic item
only.

3) Select usage and double click on characteristics-This is the most important part of DIP.
You can add your own characteristics. Select relevancy of characteristics, material
determination, No summarization, structuring and set ID.

4) Select characteristics and double click source-select the appropriate settings

5) Select source and double click on selection criteria-Select source for each characteristics to
speed up data transfer from data base to application server.

6) Go to characteristics folder select characteristics and double click on material

determination- select appropriate setting from transfer quantity / and other columns

7) Select material and double click on criteria- Make appropriate setting in set and value for
each characteristics
To configure this you need help from FICO and PS consultant as the case may be.
Check the correctness of the profile in ODP2(Menu path-IMG-SD-Sales-Sales documents-
customer service-check profile settings
L2 and G2 Sales documents types are used for RRB.

You can define new document types as your requirement by copying above.
-Maintain DIP in appropriate item category (Contract item category) in T-code VOV7.
-Assign item category group and usage in T-code VOV4 as SEIN- relevant for billing and SENI-
not relevant for billing.

Transaction flow for RRB is VA41 (Create contract)-CJ01 (Create Project/WBS element)-CJ02
(Release WBS element)-DP91 (Create Billing request)-VF44 (Post revenue recognition) - VF01
(Create Invoice).
Menu path- DP91-SAP Easy access menu-Logistics-SD-Sales-Order-Subsequent function-DP91

VF44- SAP Easy access menu-Logistics-SD-Billing-Revenue recognition- Maintain revenue

list.
It is assumed that normal SD configuration is in place. Integration with HR and FICO in place
The procedure is explained for professional services without using physical material (i.e. only
services).
Dynamic item processor profile (DIP profile):

Dynamic Item Processor Profile

Definition

The dynamic item processor (DI processor) is a tool that the system uses to group data (for example, line
items that are produced when posting goods movements, completion confirmations or surcharges) in
dynamic items during resource-related billing and quotation creation. The dynamic item processor profile
(DIP profile) controls amongst other things how the system groups the data in dynamic items.

Use

You can use the DIP profile for the following purposes:

• Quotation Creation

− Service quotations for the component Service Management (SM)

− Quotation creation for the component Project System (PS)

• Billing

− Resource-related billing

− Flat-rate billing with listing of expenses

For information on the requirements for doing this, see Quotation Creation and Resource-Related
Billing.

Structure

The DIP profile consists of a multi-level structure:

• Use

What sales document type (for example, quotation, billing request) should the system create?
You can define the criteria for each use in the further layers.

• Characteristics

Which characteristics (for example, cost center, material, plant) are available for processing, and
which data is summarized? You can define your own characteristics where necessary.

• Sources

From which sources should the system determine the data for the dynamic items (for example,
actual costs for line items, actual costs for totals records)?
 • Selection Criteria for the Sources

Which value range (set) of data should be read from a source?

• Material Determination

Which materials should the system determine during material determination for a dynamic item
(for example, service materials for describing the hours worked or to be work)?

• Selection Criteria for Material Determination

Using the criteria for material determination, you define which material or service the system
should assign to a characteristic when creating dynamic items.

You can find more information about the DIP profile and the configuration options for a use (for example,
resource-related billing, quotation creation) in the Implementation Guide (IMG).

DIP Profile in Customizing

Component Menu path

Service Management (SM) Plant Maintenance and Service Management →

Maintenance Processing and Service Processing →
Basic Settings → Quotation Creation and Billing for
Service Orders → Profiles for quotation creation,
billing, results analysis.

Project System (PS) Project System → Revenues and Earnings →

Integration With SD Documents → Quotation Creation
and Billing for Projects → Maintain Profiles for
Quotation Creation and Billing

Sales and Distribution (SD) Sales and Distribution → Sales → Sales Documents →
Resource-related Billing/Quotation Creation → Profiles
for resource-related billing/quotation creation
revenue-bearing service order:

1) Please let me know the difference between Revenue Bearing Service orders and Non-Revene
bearing service orders.

2) What is the difference in settlement of both?

3) It will be helpful for me to understand if you can give examples for each.

A revenue bearing order is not linked to a contract/sales order item and therefore
any revenue is posted back to the service order (e.g. SM02 order type).

A non-revenue bearing order is linked to a contract/sales order item and any

revenue is posted to the sales document item so the service order is non-revenue
bearing (e.g. SM01 order type).

Responsible for developing BPP(Business Process Platform)

Specifications for CRM custom reports

Developed configuration scripts