You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Has anybody mapped ASC 606 Prepayment Interest Revenue Recognition Process in RMCS

Question
15
Views
0
Comments
edited Jan 28, 2021 4:34PM in Revenue Management

Summary

Need to upload Prepayment interest Contracts that reflect Revenue backlog and then enable recognition of Revenue

Content

Am looking to map business process for loading a prepayment interest Contract in the system when a prepayment is processed and based on a future start of service date. The Requirement is to ensure the Revenue backlog information includes the Prepayment interest revenue, any changes to Service Start date will have an impact on the Interest Revenue, need to maintain the relationship between the customer contract and the Prepayment interest revenue accounting contracts.

Let me know if anybody has dealt with similar requirements before and can share how they had mapped this process.

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!