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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.
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NSC | Create Revenue Plans On: Billing (Create Actual Revenue Plans based on Billed Amount)
Scenario:
User wants to recognize revenue for a sales order (amounting to $10,000) only when it is invoiced or partially invoiced. User wants recognize the revenue amount equivalent to the Sales Order's invoice.
Solution:
User can use Create Revenue Plans On: Billing. With this, Actual Revenue Plans are created based on the the Invoice amount.
1.) Create a Revenue Recognition Rule that has Amount Source set to Event-Percent based on amount and Rev Rec Start Date/End date Source set to Event Date (since user wants to recognize revenue every after Invoicing):
2.) Go to Item Record > Revenue Recognition / Amortization tab and set the Create Revenue Plans to
Patrick Fresnosa | Advanced Accounting | SRP | Ask a Guru
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