Slackbot
12/10/2024, 5:04 PMCeligo AI
12/10/2024, 5:05 PMAI generated answer (using internal Slack threads):Based on the conversations, it appears that revenue recognition in NetSuite is typically triggered by the creation of an invoice or cash sale from a sales order, not the sales order itself. This is because a sales order is a non-posting transaction, meaning it does not have an immediate accounting impact. However, there are ways to customize the revenue recognition process. For instance, you can use Custom Revenue Triggers to set up specific events that trigger revenue recognition, such as when a customer receives a product. This does not necessarily require scripting, but if there's a large volume of transactions, manual creation of these records could become cumbersome and scripting might be beneficial. For recognizing annual subscription revenue, it's possible to do this through journal entries, but this might not be fully IFRS compliant. There are bundles available that can handle this, but they might be costly. Alternatively, a script could be used to automate this process, but this could be error-prone. In conclusion, while it's possible to trigger revenue recognition without billing a sales order, it would require customization and potentially scripting, and it might not be fully compliant with accounting standards. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******
Celigo AI
12/10/2024, 5:05 PMSlack thread 1: here (available only if the original thread was posted in the last 90 days)
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Slack thread 2: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.842092335
Slack thread 3: here (available only if the original thread was posted in the last 90 days)
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Celigo AI
12/10/2024, 5:05 PM