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Deferred Revenue

edited Oct 15, 2008 11:00AM in Accounting / ERP 3 comments

Looking for a streamlined manner for recording deferred revenue. 

Simple example:  I sell product to customer 11/1/08.  I generate invoice 11/1/08 to lock in pricing and address contractual arrangements.  Ship date is 5/1/09 and payment date 6/1/09. 

Today, invoice generation triggers revenue recognition.  Ideally, I could code the sales order to hit deferred revenue instead of revenue (product).  Problem is revenue is driven by item level element.  I see a "revenue" tab available in Sales Order Forms, but can't make it appear on sales order or use to drive revenue recognition.  Is this some sort of advanced module in NetSuite? 

Any automated method for addressing other than manual journal entries?

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