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Revenue Recognition by Document Date


By default, revenue recognition runs are converting currencies based on posting date of the revenue recognition run.


Let's assume this example:

  • A contract has a duration of 12 months, starting in January.
  • Accrual method is "303 - straight line with even periods".
  • Each month, you realize 100 CHF, an invoice will be sent at the end of the year.
  • Your company currency is USD.


Go to fine-tuning activity Currency Conversion Profiles and change the Conversion Date of Business Transaction Type Revenue Recognition to Document Date. Be sure that the conversion profile you are modifying is assigned to your Set of Books.

Back to our example

I did not modify set of books 7000 (default: by posting date), but modified set of books 9011 (for revenue recognition, convert by document date). The result is obvious. 9011 keeps equal amounts, 7000 reconverts the accumulated realized earned value each month.

RevRec Example.xml (14050 B)

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