How to recognize revenue when customer has a FREE contract month?
Oracle Receivables R12.2
We have a requirement for customers signing a 1 year contract that they will receive a free month of service.
Contract value = 12,000
Month 1 Invoice = 0
Month 2 - 13 Invoice = 1000
Revenue to be recognized months 1 - 13 = 923.08
So with the invoice in the month 1 being 0.00, how do I get Rev Rec to record 923?