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Biannual/Quarterly revenue scheduling rule for AR invoices.

edited Oct 13, 2023 6:34PM in Receivables & Collections 8 comments

Summary:

Hi Team,

Could you please let us know how to achieve the below. We need to have the revenue scheduling rule on Biannual/Quarterly basis. We give the number of periods as 2 for Biannual and 4 for Quarterly while defining the revenue scheduling rule. We raise invoice and provide the same in revenue scheduling rule as per the invoice requirement.

System allows to provide the start date alone and it doesn't allow to populate end date and we see that frequency is monthly which gets autopopulated. If we put the start date as 1-Aug-2023, and have the revenue scheduling rule as Biannual, how will the system know that first revenue should be recognized at Aug-23 and second revenue on Feb-24 when the frequency is monthly which is autopopulated and doesnt allow to edit.

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