Revenue recognition on Proof of delivery
I have a requirement on revenue recognition on proof of delivery:
1. Revenue will be deferred upon shipping
2. In the absence of oracle transportation manager, we need to reverse deferred revenue and recognize the same.
3. For automating the process, we are using a revenue recognition API AR_REVENUEADJUST_PUB.EARN_REVENUE.
4. Question is, will the API automatically reverse the Deferred COGs and book COGS?
Appreciate your quick response with this regard.
Thanks,
Sekhar