Revenue Recognition for Advanced Contract Billing Contracts

To recognize revenue for advanced billing contracts, you use the same programs within JD Edwards EnterpriseOne Contract and Service Billing that you use for regular contracts (document type R2). However, because advanced contract billing contracts include unique contract terms, such as period of performance (POP) dates, revenue limit amounts, and additional methods for calculating fees, the revenue recognition programs perform additional tasks when you run them for advanced contract billing contracts.

This flowchart illustrates the revenue recognition process for advanced contract billing contracts:

The highlighted programs in the preceding flowchart represent the steps in the revenue recognition process where the system performs additional actions for advanced contract billing contracts. These programs are described in the following topics.