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Invoice Revenue Recognition!! [message #281085] Thu, 15 November 2007 12:20
prashant_pathak
Messages: 263
Registered: February 2006
Location: California,US
Senior Member
Hi Guys,

I need some scenarios related to Deferred Revenue Invoices.

If we have an Invoice which is deferred in revenue and want to recognize it month by month.

E.g.

Invoice Revenue = 12,000 $

and we want to recognize the revenue after 60 days i.e. based on one Year revenue recognizing after 2 months comes at 2,000
=((12,000/12) * 2)

so to do this we have deferred revenue for 12K now my question is
1) do i need 12 future period open at this current point?
2) where would be the deferred revenue residing? I mean period wise to achieve this?

if you guys throw some light on this!!!

Thanks in advance
Prashant
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