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