Business processes and financial standards outline when you can recognize revenue for the amounts you bill to customers. You cannot recognize revenue for billed amounts or Cost of Goods Sold (COGS) amounts associated with the billing amount until the performance obligation to the customer is satisfied.
This functionality is not required for Real Estate Management until December 2018; however, JD Edwards has completed the Revenue Recognition enhancement for software release 9.2.
Much of the setup for Real Estate will use the same basic functionality that has previously been rolled out for Accounts Receivable, Contract and Service Billing and Sales Orders.
Please see New Enhancement for FASB - Revenue Recognition in Real Estate Management for Release 9.2 (Doc ID 2260000.1) for further information on installation and documentation.