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Former Member

Revenue Recognition

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?



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    Former Member
    Mar 22, 2011 at 06:44 AM


    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



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