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