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.
Community Poll: What sort of content would you like to see more of?

NSC|Create Revenue Plans On: Fulfillment Create Actual Revenue Plans based on Item Fulfillment of SO

edited Sep 15, 2023 7:01PM in Accounting / ERP



When the Advanced Shipping feature is enabled users can set their Revenue Arrangements to create Actual Revenue Plans based on the item fulfillment.

For example: User wants to recognize revenue based on the sales amount of the quantity they fulfill. They have created a Sales Order for 10 Inventory items amounting to $10,000

Solution:

1.) Create a Revenue Recognition Rule that has Amount Source set to Event-Percent based on quantity and Rev Rec Start Date/End date Source set to Event Date (since user wants to recognize revenue every after fulfillment):


2.) Go to Item Record > Revenue Recognition / Amortization tab and set the Create Revenue Plans to Fulfillment and add the recently created Revenue Recognition Rule:

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 2 (Apr-Jun 2024)

This Week's Leaders

This Month's Leaders

All Time Leaders