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Revenue Recognition based on Ship Confirm Date

in Receivables & Collections 2 comments

Hi,

Is there a functionality in Oracle Cloud Receivables to be able to recognize revenue based on the Ship Confirm date. We created the rule to assign the Revenue Contingency based on the Transaction Type with a different transaction Type for Pre Billed Invoices coming from DOO. The requirement is to remove the contingency based on the Ship Confirm date.

We tried using Primary Removal Event as Contingency Expiration and Optional as Ship Confirm Date but it does not seem to work. The contingency gets removed as soon as the Receipt is created and applied to the transaction even when the ship confirmation has not happened.

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