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[Advanced Revenue Management] Cancel Revenue Plan for the Remaining Period
Hi Gurus,
I am having an issue to cancel the Revenue Plan for the remaining period.
Below is the example scenario:
- We have a client which they bill their student in 3 Terms (In 1 year):
+ Term 1: JANUARY to APRIL
+ Term 2: MAY to AUGUST
+ Term 3: SEPTEMBER to DECEMBER
- The Invoice is issued in advanced (E.g. 2 Months ahead), thus the Invoice Date and posting is in advanced, but due to company policy, the revenue should only recognize at the beginning of each term.
- In that case, 1 invoice dated in advanced should initially post to Deferred Revenue account, and the Revenue should be recognize and run in JANUARY, MAY and SEPTEMBER.
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