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Reminder: Upcoming Changes to Percent Complete Revenue Rule for Project Revenue Recognition

edited Jun 2, 2025 2:22PM in Announcements 
NetSuite is enhancing percent complete revenue rules to include a temporary preference for recognizing revenue at the time of work. This change will enable you to recognize revenue for projects during the same period as the work occurs.

This notice applies to accounts that have the preference available. If you do not enable the preference yourself, it will be enabled automatically within the 2021.1 release, and your data will be recalculated. The recalculation will not influence your data even if your data changes.

Why is NetSuite Making this Change?

Currently, NetSuite recognizes revenue in the period an event is submitted in the system. This can create issues when an event occurs in one accounting period but is submitted into the system in a different period.

Regards,

@Robert Nedelkow-Oracle | NetSuite Support Community Administrator

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