Can anyone think of how to manipulate a Revenue Re...
# arm
n
Can anyone think of how to manipulate a Revenue Recognition Rule to achieve the following: The service revenue is recognised as a course is delivered to customers. Each course will have a unique set of dates for each end user client. There maybe 2,3, 4 or more delivery dates which may not be evenly spaced into periods. The same course is not consistently delivery as it depends upon client availability Course 1, Sell $10,000 14 Aug, 1 Sept, 15 Sept, 30 Nov So Month 1 $2,500, Month 2 $5,000, Month 4 $2,500 Same Course, Sell $10,000 29 Aug, 1 Sept, 15 Sept, 30 Sept So Month 1 $2,500, Month 2 $7,500
l
Have you considered making the service items fulfillable? Then, use Item Fulfillments to record delivery of the course. Then, the rev rec rule is upon fulfillment. Create Revenue Plans = Fulfullment.
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n
I have not considered this. I do like the idea. Now I’m thinking how would I trigger the 3 or 4 fulfillments by date and where to store those dates.
k
you just make the rev rec rule On Fulfillment and then have your trigger from the source system (that records those courses takes) triggering the fulfillment.
n
But how about the multiple fulfillments for a service line? Do we have Qty=3 for three fulfillments?
k
you need to set up a rule that reflects your "on fulfillment" rev rec as well as items with Create Rev Plan On: Fulfillment. Then revenue will be only recognize when you create a fulfillment record. you can fullfill as much or as little as you have. it is suggested you fulfill in increments of 1. In other words, your SO quantity will be 3 (or whatever number) and you fulfill 1, 2, or 3 (or more) as courses are delivered/consumed/however else completed.
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