Hello everyone,
I'm trying to design a revenue recognition model for my client, based in what he wants.
They only create sales order for service material (not delivery relevant) and normaly with a milestone billing plan.
After the sales order creation they want to post reveneu recognition as follows:
- Every week (one day) they will post the revenue for a specific value that tehy will only now that specific day. So Time-related rev. rec (A) is ruled out because the value to be recognize is unkown until the day to be recognize.
- Also they will post the revenue recog. the last day of the month (again, the value to be posted is unkown till that day).
- The last one: they want to be able to post revenue recognition at any time for the value they want.
Service based rev. rec. based in an event looks good to me, but I don't know how to manage those events.
Any help is very welcome.
Regards.
Eduardo