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Deferring revenue for an item with no rev rec schedule
Hello,
Our company is in the process of transitioning to NetSuite and we have the revenue recognition module. I'm not seeing a way to post an item to a deferred account without an associated rev rec schedule. We have certain items that we invoice for where the associated revenue gets recognized at some unknown point in the future - ex. once we've fulfilled our service obligation. From what I can tell, when entering an invoice, you have to have an item. That item has to have an income account and if you want to defer revenue, a deferred revenue account. The
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