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• 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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service company rev rec
The service company has Project and ARM module, but we could either use them or not use them for rev rec purpose. This is for time and material projects, and we understand percentage of completion ones will be handled differently. Here are two ways I'm thinking of, could you kindly help me confirm if they make sense and if there's another best practice that you would recommend. I'd appreciate it.
1) Use ARM module and set items rev rec rules as triggered by fulfillment. Add hours as line items on the sales order, as the work are completed, fulfill those hours
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