Revenue recognition is the accounting rule that defines revenue as an inflow of assets, not necessarily cash, in exchange for goods or services. It requires the revenue to be recognized at the time, but not before, the performance obligation has been satisfied. You use revenue recognition to track your performance liability separate from your invoices and revenue.
Flexible solution to determine when revenue can be recognized whether it is at the time of invoice creation or later.
Recognize amounts fully, partially overtime, or via a schedule.
Manage your performance obligations at the invoice, contract, or various levels within a job.
Revenue Recognition functionality is available in Accounts Receivable, Sales Order Processing, Contract and Service Billing, Project Costing, and Real Estate Management.