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Revenue Recognition - Revenue Recognised from Sales Orders
Can the amount recognised on a revenue recognition schedules be sourced from the sales order?
It is best explained in an example:
- Amount to be billed $100,000 over 4 periods, $15k billed in Jan, $15k billed in April, $35k billed in July & $35k billed in Oct
- This is to be setup using billing schedules
- A revenue recognition template needs to be setup to take the $100k and divide by 12 and recognise that revenue each month. Therefore $8,333 to be recognised in Jan, $8333 in Feb etc
The problem I am having is the revenue recognition schedules seem to only pull the amount that is being invoiced so in Jan-Mar it takes $15k/3 and recognises $5k instead of $8,3333; the amount on the sales order/12.
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