3rd party process

[Former Member]

Hello experts,

in 3rd party process where the vendor delivers to the customer , at which point is revenue realised?

Is it at Invoice Verification stage using MIRO?

regards

M Russo

[Lakshmipathi]

at which point is revenue realised?

It depends on the Payment Term. For some client, it would be IMMEDIATE, and for some client, it would be some 30 or 60 days credit from the date of receipt of material.

thanks

G. Lakshmipathi

[Former Member]

Dear Experts,

There seems to be 2 revenues : 1 for Vendor and 1 for Seller.

May I know broadly the time frame and process leading to the revenue realisation for both parties?

eg. when MIRO run by who and PGI then invoice verification by who etc.

Lets say the customer pays immediately via online sales with credit card and then the vendor bills the seller.

Thanks!

regards

M Russo

[kkafoury1]

Hi,

I think revenue is booked with the sales billing creation and the vendor invoice is required (before sales billing) for the actual cost determination.

Thank you and best regards.