We have recently enabled the Revenue Plan for our intercompany contracts

Summary:

We have recently enabled the Revenue Plan for our intercompany contracts with Amendment effective date May 9,2023.

However upon checking the transactions and expenditure created before May 9 - when we run the Generate Revenue. It generated the revenue as well.

Our Expectation is when we

Create new time cards, Run Revenue Recognition for the Intercompany Invoices and verify that Expenditures created before this amendment effective date are not included in the Revenue Recognition Calculations. Is this the expectation? Thanks

Content (required):

test scenario:

Amended the contract to remove the Revenue Plan 

Create new timewriting 

Account the costs

Run B&L