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SuiteWorld October 6 - 9, 2025: Agenda Builder is live!
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Read on for the latest updates including:
• Agenda Builder launch
• SuiteWorld On Air registration
• New NetSuite Prompt Studio Contest
• And more!
Check out this thread to learn more!
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Don’t miss your chance to meet our SuiteGurus—NetSuite Support professionals and subject matter experts with extensive experience in select product areas, including OneWorld, Advanced & Basic Accounting, Supply Chain Management, Receivables & Payables, CRM, Account Administration, and the SuiteCloud Platform. Full Conference attendees can prebook exclusive 30-minute one-on-one sessions for your product questions.
Spots are limited! Register through your Agenda Builder and find SuiteGuru under Agenda Enhancements.
NSC | Revenue Recognition Method: How is Straight-line, prorate first and last period calculated?
Scenario:
Straight-line, prorate first and last period method is used to assign revenue in equal amounts for periods other than the first and final periods. Revenue Amounts are prorated for the first and last period based on the total number of days of the revenue recognition period.
Here is an example:
Amount: $10,000.00
Start Date: February 11, 2022
End Date: May 27, 2022
Solution:
1. Get the sum of the actual number of days that is inclusive of the Rev Rec start to end date.
2. Divide the total of the transaction amount over the amount in (1).
3. Use the actual number of days of the first month multiplied by the amount in (2) to get the amount to be recognized for the 1st month.
1