Event-Based Revenue Management and Revenue Recognization
Can the Revenue Recognization (Accounting Rules and Invoicing rules) and Event based revenue management work together?
Say Example.
We have a fixed XXXX schedule accounting rule for 4 months with 25% revenue recognized every month.
Create a Invoice with Invoicing rule with Bill in Advance and the Accounting rule as XXXX againts a Trns TYPE "INSTA_INV" .
Payment schedule of Pay-Sche04-04.(The Above would be created as a Instalment invoice)
Define Revene Contingencies based on Payment Based and assigned the rule set specific to above Transaction type?
Will the Revene Recognization deferr Revenue untill the First payment is applied against the Invoice and second and thord and so on?