Melvin
02/11/2025, 11:09 PMCeligo AI
02/11/2025, 11:10 PMAI generated answer (using internal Slack threads):To generate a report that shows unbilled revenue from subscriptions, you can leverage the Advanced Revenue Management (ARM) feature in NetSuite. Here are the steps: 1. Create Revenue Recognition Journal Entries: Go to Transactions > Financial > Schedule Revenue Recognition Journal Entries > Run Now. This will create journal entries for the revenue that needs to be recognized. 2. Create Reclassification Journal Entries: Go to Transactions > Financial > Schedule Reclassification Journal Entries > Run Now. This will create journal entries for the revenue that has been recognized but not yet billed. 3. Use the ARM Reports: NetSuite provides several out-of-the-box reports related to revenue recognition. Some of these include: - Deferred Revenue Waterfall - Deferred Revenue by Customer - Deferred Revenue by Item - Revenue by Customer - Revenue by Item - Revenue Recognition Forecast Summary - Revenue Recognition Forecast Detail - Billing and Revenue Summary - Deferred Revenue Reclassification Activity - Deferred Revenue Reclassification - Deferred Revenue Rollforward These reports can help you reconcile contract value, invoiced amount, and revenue recognized for each subscription contract. However, if you need more granular data, you may need to create custom reports or searches. ****** 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
02/11/2025, 11:10 PMSlack thread 1: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.828627408
Slack thread 2: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.824791491
Slack thread 3: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.820587516
Celigo AI
02/11/2025, 11:10 PM