Discussions

Check out Oracle NetSuite upcoming events and conferences here
Now is the time to ask your NetSuite-savvy friends and colleagues to join the NetSuite Support Community! Refer now! Click here to watch and learn more!
Update your Profile with your Support type to get your Support Type badge.
Expand your NetSuite knowledge by joining our Ask A Guru Live sessions. RSVP on this event now.
Get ready to take on exciting new challenges and become the next SuiteMaster of the Month!
AI capabilities embedded across the suite help boost productivity and give leaders an edge by helping them analyze data faster and generate unique insights that drive better decision-making. Watch these on-demand webinars to see how our AI capabilities can help you.

Streamline Invoice Processing with AI-Powered Automation

Use AI-Driven Insights for Faster, Better Planning and Forecasting
Please note that on Friday, September 20, 2024, at 8:00 PM Pacific time, our Case Management System will undergo a scheduled maintenance for approximately 4 hours. During this time, case creation via SuiteAnswers will be unavailable and inbound calls will be routed to Customer Service.

NSC | Revenue Recognition Method: Straight-line, using Exact Days

edited Sep 15, 2023 7:06PM in Accounting / ERP



When users use Straight-line, using exact days, Revenue Amount is allocated per period based on its number of days within the recognition period.

For example

Revenue Amount: $10,000

Rev Rec Start Date: January 30, 2022

Rev Rec End Date: April 25, 2022

Here's how user's can check the Revenue Amount period allocation:

1.) Get the Total Days w/in Start Date and End Date per month

2.) Get the ratio of # of days for the month/Total # of days

3.) Multiply Ratio to the Total Amount

Hope this helps

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!

Leaderboard

Community Whiz

Quarter 3 (Jul-Sep 2024)

This Week's Leaders

This Month's Leaders

All Time Leaders