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Rev Rec End Date Source: Recognition Periods vs Term in Months

edited Jun 3, 2022 5:24PM in Accounting / ERP

The Revenue Recognition End Date source determines how and when the end date will be computed and determined in a Revenue Plan. Users have options to set this according to their need. Some of the options include Recognition Period and Terms in Months.

When Recognition Period the end date is derived from the revenue plan start date and the value in the Recognition Period field. The end date in the revenue plan is the last day of the period, and partial periods are included in the count. However, when Terms in Months is used, the end date is derived from the revenue plan start date and the value in the Term in Months field. Exact months are used.

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