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

Revenue Scheduling Rule with Deferred Revenue Flag as yes

in Receivables & Collections

Summary:

Impact of Deferred Revenue Flag on Revenue Scheduling Rule

Content (please ensure you mask any confidential information):


I have two scenarios for the Deferred Revenue Recognition-

  1. Revenue Scheduling Rule "3 months Fixed" without Deferred Revenue Flag as Yes- In this case I gave Invoicing Rule "In Advance" and selected the Rule at line level 3 Months Fixed. The start date was Jun-15. Now I see the revenue is recognized in Jun-25, Jul-25 and Aug-25 (33.33% each month) as expected.
  2. Revenue Scheduling Rule "3 months Fixed" WITH Deferred Revenue Flag as Yes- In this case I gave Invoicing Rule "In Advance" and selected the Rule at line level 3 Months Fixed. The start date was Jun-15. Now I see the revenue is NOT recognized in any month. The transaction accounting shows Receivables - Dr and Unearned Revenue - Cr.
Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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