Revenue Recognization
HI,
At what point will the system recognize revenue ?
When i ship an item , after shipment the ( Deferred COGS ) account is hit if i see the material transactions .
After i recieve payment for the order the ( Deferred COGS ) account does not change to COGS .
At which point will the system hit COGS account . And how will i change to COGS .
Can any one help me in this regard.
Thanks
Mohsin
At what point will the system recognize revenue ?
When i ship an item , after shipment the ( Deferred COGS ) account is hit if i see the material transactions .
After i recieve payment for the order the ( Deferred COGS ) account does not change to COGS .
At which point will the system hit COGS account . And how will i change to COGS .
Can any one help me in this regard.
Thanks
Mohsin
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