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COGS Recognition on Deferred Revenue Accounting Rule Transactions — Cloud Customer Connect
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COGS Recognition on Deferred Revenue Accounting Rule Transactions

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edited Mar 31, 2021 10:04AM in Costing 4 comments

Summary

% calculation on COGS Recognition

Content

We have AR transactions which we have accounting rule set up (36 months period in total, 98% on first month, defer for next 24 months, 2% spread across the last 12 months)

Accounting Date Percentage
03-Nov-20 98
03-Dec-20 0
03-Jan-21 0
03-Feb-21 0
03-Mar-21 0
03-Apr-21 0
03-May-21 0
03-Jun-21 0
03-Jul-21 0
03-Aug-21 0
03-Sep-21 0
03-Oct-21 0
03-Nov-21 0
03-Dec-21 0
03-Jan-22 0
03-Feb-22 0
03-Mar-22 0
03-Apr-22 0
03-May-22 0
03-Jun-22 0
03-Jul-22 0
03-Aug-22 0
03-Sep-22 0
03-Oct-22 0
03-Nov-22 0.1666
03-Dec-22 0.1666
03-Jan-23 0.1666
03-Feb-23 0.1666
03-Mar-23 0.1666
03-Apr-23 0.1666
03-May-23 0.1666
03-Jun-23 0.1666
03-Jul-23 0.1666
03-Aug-23 0.1666
03-Sep-23 0.1666
03-Oct-23 0.1674

However we notice in Costing, we have COGS Recognition event on the second month (Dec-20) of  0.001004621257785814747840064295760498292%. Please see screen shot attached. Does anyone know why this is happening and where does the percentage come from ?

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