Revenue Recognition

[former_member788626]

A Sales order is created for a project (construction) which needs to be installed in one year. For each milestone, a invoice will be created & post into deferred a/c , letu2019s say in one year 5 invoices created for one complete project , revenue should go to deferred a/c & when project is completed , which should trigger from project systems , when FINAL DATE is filled, meaning 100% project is completed, all revenue should go from Deferred to Actual COGS.

Can anyone suggest config steps or if i need to write code in billing user exit?

Thanks,

Manny

[Former Member]

HI

In VOV7 item category controls there is control called Revenue Recognition there are 6 options according to ur business requirement u can configer it.

Standard revenue recognition

Time-related revenue recognition

Service-related revenue recognition

Billing-related, time-related revenue recognition

Billing-related, service-related revenue recognition (IS-M)

Credit/Debit Memos with reference to predecessor

Regards

santosh.A.R