How to manage deferred revenue?

WHYNOT

Member
We need to defer revenue recognition until after items have been installed, which can be weeks/months after shipment. Currently, all invoices post to deferred revenue account at sales update. The move from deferred to recognized revenue account is done manually. Has anyone found a better solution?
 
Transportation has ship and deliver functionality, there may be
possibilities here.

Do you use Service management? Another option might be to use the service
billing functionality (if you are using service orders for installation) to
move the revenue from deferred to actual.

Just suggestions at this stage, there are probably other options

Thanks & Regards

Jason Andrews
SYSTIME Computer Corporation

Office: +1 (201) 935 3600
US Mobile: +1 (201) 681 2757
Email : [email protected]
Web : www.SYSTIME.net

Business Agility On-Demand........
This message (including any attachments) contains confidential information
intended for a specific individual and purpose, and is protected by law. If
you are not the intended recipient, you should delete this message and are
hereby notified that any disclosure, copying, or distribution of this
message, or the taking of any action based on it, is strictly prohibited.


_____

From: [email protected] [mailto:[email protected]] On
Behalf Of WHYNOT
Sent: Friday, December 23, 2005 2:58 PM
To: [email protected]
Subject: How to manage deferred revenue?

We need to defer revenue recognition until after items have been installed,
which can be weeks/months after shipment. Currently, all invoices post to
deferred revenue account at sales update. The move from deferred to
recognized revenue account is done manually. Has anyone found a better
solution?
_____


The entire <http://www.jdelist.com/ubb/showflat.php?Cat=&Board=> JDELIST
thread is available for viewing.

Looking for a job? Check out the Job
forum

This is the JDELIST EnterpriseOne Applications Mailing List.
The instructions on how to unsubscribe from any JDELIST mailing list are
available here <http://www.jdelist.com/unsubscr.shtml> .
JDELIST is not affiliated with JDEdwardsR.
 
Have you checked 'cycle billing' within the Sales module? Generates deferred entries.
You can add a step after invoicing where you manually increase the status of your SO to '620', next sales update, R42800, will reverse your deferred entries and generate the entries on your revenue account.
 
Back
Top