Is it possible to setup Invoice rules that allow to recognize Receivable amount with RAM at acceptan
Hello,
Please give me advice how I can implement the following business requirement:
It is required to recognize Receivables amount and Revenue amount at acceptance of a Customer.
Revenue Accounting Management (RAM) allow only recognize Revenue amount.
Is it possible to setup Invoice rules that allow to recognize Receivable amount with RAM at acceptance of a Customer?
For example:
Step 1. Distributions at invoice creation:
Unbilled Receivable: 1000
Unearned Revenue: 1000
Step 2. Distributions at acceptance of a Customer
Unbilled Receivable: -1000
Unearned Revenue: -1000
Receivable: 1000
Revenue: 1000
We are in R12.1.2
Thanks for any suggestions
Vadim