SSP setup

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SSP setup

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As defined by ASC 606 and IFRS 15, standalone selling price (SSP) is the price at which an entity sells a good or service separately to a customer. A good or service might have more than one SSP.

The best evidence of SSP is the observable price of a good or service when the entity sells that good or service separately in similar circumstances to similar customers. If no observable price is not available, you must estimate and set up the SSP for RevPro to automatically allocation transaction price.

There are three methods to set up SSP in RevPro:

  • Formula

    Formula is defined and applied to appropriate transaction lines to calculate SSP. For information about how to configure RevPro to derive SSP based on formulas, see Calculate SSP Based on Formulas.

  • Upload

    SSP values are provided based on templates and uploaded to RevPro. For information about how to upload your SSP data that is estimated outside RevPro, see Upload SSP to RevPro.

  • Analyzer

    RevPro uses historical transaction data to analyze the SSP. For information about how to configure the SSP Analyzer, see Calculate SSP with Analyzer.

Especially, different calculation methods are provided with the RevPro SSP Analyzer. Before you start configuring the Analyzer, it is recommended to understand how SSP data is derived with different methods. For more information, see Calculation Methods of SSP Analyzer.

 

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