How to set up rev rec rule in this scenario where ...
# general
l
How to set up rev rec rule in this scenario where I have 2 SO lines where the first line is of quantity 1 and rate of 12,000 and 2nd line is of quantity 1 and rate of 15,000. It's for the same item (subscription that is worth 12,000 for the 1st year and 15,000 for the 2nd year). The revenue recognition rule should recognize revenue in 2 years and straighlined for the 2 SO lines. So, 27000/24 or 1,125 monthly revenue. I think having 1 line for both might solve the issue but we want to be able to show both lines to the customer if possible while revenue is recognized in a straightline basis.
m
AMOUNT SOURCE Event-Percent based on amount REV REC START DATE SOURCE Revenue Element Start Date REV REC END DATE SOURCE Revenue Element End Date
On your item you need to use rev rec trigger is billing if you need to recognize on the invoice Or if you need to recognize directly in your SO , use Revenu arrangement création
l
But there are 2 lines in the SO that I need to kind of "merge" before I can apply the straightline rev rec
k
yeah, old problem, second year rate increase…. subscription suiteapp solves is otherwise have two lines on the same SO for Y1 and Y2 with the corresponding dates
l
May I know what is this subscription suiteapp? Is that SuiteBilling?
k
yes, that’s the one, SuiteBilling.
l
Thanks