Setting Up Revenue Recognition Trigger Dates for Service Billing Lines
Navigate to the Service Billing Trigger Date form.
Use this form to maintain the date setup that the system uses to calculate the eligible for recognition date for the service billing line. The system calculates the eligible for recognition date by checking the Calculation From Date field to determine which date you want to use, locating that date, and then adding the value in the Days From Configured Date field, if applicable. Then, the system compares the eligible for recognition date to the value in the Period Comparison Date field to determine if the dates are in the same period.
Review the following example:
The value in the Calculation From Date field (on the Service Billing Trigger Date form) is the Invoice Date.
The invoice date is 03/05/2017.
The value in the Days from Configured Date field (on the Enter Service Billing Trigger Configuration form) is 10.
Therefore, the eligible for recognition date is 03/15/2017.
Review the following information:
The value in the Period Comparison Date field (on the Service Billing Trigger Date form) is the G/L Date.
The G/L date is 03/15/2017.
Therefore, both the eligible for recognition date and the period comparison date are in the same period.
Next, the system reviews the setting of the Same Period Inclusion check box. In this example, the check box is selected, so the system sends the service billing line to revenue recognition.
- Calculation From Date
Specify the date that the system uses to calculate the eligible for recognition date. Values are:
1: G/L date
2: Invoice date
To calculate the eligible for recognition date, the system adds the number of days specified in the Days From Configured Date field on the trigger configuration records to the date specified in this processing option.
- Period Comparison Date
Specify the date that the system compares with the eligible for recognition date to determine if the dates are in the same period. Values are:
1: G/L date
2: Invoice date