How to generate revenue against Sales order based on the milestone concept
We have a client requirement where milestone-based revenue to be generated against the sales process although the full shipment delivery is completed.
Below are the steps which may be required to follow in the process of generating the revenue at different stages against sales order:
- Advance payment - 20% of the sales order value
- After the shipment is delivered - 50% of sales order value
- After Installation of material - 20% of sales order value
- After completion of DLP - 10% of sales order value
Above mentioned percentages may vary depending on the agreement with the customer.
Based on the payment terms, dues may be shown according to due dates. But as per the requirement, fixed due date will not be available, where it completely depends on the activity performed.
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