Hello, this is a general question. We have advanc...
# accounting
w
Hello, this is a general question. We have advanced revenue management. Is it possible to set up so that revenue is recognized with item fulfillment, and then invoicing our customer is a separate transaction? There are a few customers we have that we hold off on invoicing until we make sure that they receive the items, which causes delays in our getting to recognize the revenue. this is an AR management tactic, and thus an disadvantageous revenue management tactic
a
I believe the ARM module and functionality is only related to revenue related transaction so the Item Fulfillment would not be available to drive Rev Rec without some heavy customization You might want to look into Deffered COGS so you can match them with you Rev Schedule
k
@Will Coburn - yes, of course. you need to have advanced billing enabled.
w
@Karina can you go into more detail? my understanding of the advanced billing module has to do with billing schedules and similar functionalities, but not to do with revenue recognition at fulfillment
k
@Will Coburn - this is not about advance billing per se, this is about ARM (advance revenue management). It enables you to separate billing an rev rec. If you set your revenue to be recognized on fulfillment you will get what you want; billing is entirely separate from revenue with ARM
w
Thank you!
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