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Mid-Life Rev Rec?
Hi Gurus!
We have had NetSuite for a few years and have decided we are ready to proceed with ARM. Is there such a thing as Mid-Life Revenue Recognition? We have several sales orders with warranties which have already been billed. A journal was then manually created to defer all the revenue and then subsequent journals were manually created to recognize the revenue each month. Now that we are wanting to get started with ARM, I'm wondering how to stop doing the manual entries on these existing orders and automate the remaining months of each warranty. Or do we have to continue
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