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Revenue Recognition on fulfillment

edited Dec 23, 2019 10:49PM in Accounting / ERP 4 comments

hi

We are currently facing the fact that NetSuite is recognizing revenue bases on invoice date, where US GAAP tells us to use fulfillment date.
Also we see that, for instance we deliver the 30th, invoice the 1st of the next month.  We see COGS in delivery month and revenue in invoice month.

How can we get the settings in standard NetSuite configures, so that revenue is being recognized based on fulfillment, not invoice date?

thank you for your help,
Martijn van Veelen
Qardio Inc.
www.getqardio.com
martijn@getqardio.com

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