Adjusting Revenue Recognition
Hi,
Is it possible to adjust the phasing of revenue once the revenue recognition program has been run. I can give an example of this where initially an invoice is raised with the revenue being split evenly over 12 months (invoice amount £900 with the revenue being phased evenly at £75 a month). 6 months in, and a decision is taken to phase the revenue over 15 months. So the remaining amount (£450) is then phased over 9 months (£50 a month).
Is this possible or is there a work-a-round?
Regards
Jon