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Allocating revenue recognition to multiple revenue accounts from a single item
We're beginning to sell bundles of our products and would like to allocate the revenue of the Bundle item across up to 3 revenue accounts based on percentages.
So far the only method I've found to do this is:
- Create a new Item for the bundle
- Create a new deferred revenue account for the bundle
- Create a new revenue account for the bundle
- Build an allocation schedule for the revenue account that will take total dollars at month end and allocate back to the other 3 revenue accounts by % of total
End result would be deferred is correct for bundles, the new revenue account balance is $0, and the original 3 revenue accounts have been populated with the correct percentages.
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