1. Accounts Receivable Implementation Guide
  2. Prerequisites

Prerequisites

Before you complete the tasks in this section, you must:

  • Complete the revenue recognition setup tasks.

    Setting Up the System for Revenue Recognition

  • Post all invoices that you want to recognize as revenue.

  • Set processing options for the Revenue Recognition Program (P03B116). Be aware of the following:

    • The Recognize Revenue and COGS option on the Process tab is for sales order invoices only.

      When this processing option is set to blank or 0 and the Summary check box is not selected, you can select Recg Rev and COGS from the Row menu on the Work with Revenue Recognition form and the system automatically displays the Recognize COGS form after you exit the Revenue Recognition form.