Reviewing the Revenue Recognition Schedules List

Note:

This topic applies to the Revenue Recognition feature. Revenue Recognition is the key feature of NetSuite classic revenue recognition. Classic revenue recognition features are not available in new NetSuite implementations. Classic revenue recognition (also called legacy revenue recognition) is still supported for customers who previously enabled it. NetSuite currently offers the Advanced Revenue Management (Essentials) feature to automate revenue deferral and recognition. For information about the current feature, see Advanced Revenue Management (Essentials) and (Revenue Allocation).

To view a list of revenue recognition schedules:

Go to Lists > Accounting > Revenue Recognition Schedules.

The Revenue Recognition Schedules page lists all active revenue recognition schedules.

The following is shown for each schedule:

Date – The date the schedule was created
Type – Identifies whether the schedule is Standard or Variable
Status – The schedule status can be one of the following:
- Not Started – No revenue has yet been recognized.
- In Progress – Some revenue has been recognized, but not all.
- On Hold – Some revenue may or may not have been recognized. No additional revenue can be recognized until the hold is removed.
- Complete – All revenue has been recognized for this schedule.
Source Transaction – Shows the transaction the schedule originates from.
Template Name – Shows the name of the template that created the schedule.
Schedule Name – Shows the name of the schedule. This is the same as the template name by default, but can be changed.
Amount (Schedule Total) – Shows the total amortization amount for the schedule, including amounts already recognized and amounts yet to be recognized.
Remaining Deferred Balance – Shows the amount on the schedule which has not yet been recognized.
Total Recognized – Shows the amount on the schedule which has already been recognized to date.

Variable schedules, which are linked to Projects, also show the following information:

Project – Shows a link to the associated project record.
% Total Amort – Shows the percentage of the schedule already recognized for all periods.

For each schedule in the list, you can:

Click Edit or View to open the schedule.
Click the name in the Schedule Name column, or click the number in the # column to view the schedule.
Click the invoice number in the Source Transaction column to view the invoice that the schedule was created from.
Click the Template Name to view the template used to create the schedule.
Click the Schedule name to view the schedule.

In the filter area at the top of the list, you can select filters to limit the schedules showing in the list. Filter the list by the following:

Posting Period
Status
Transaction Type

To view a list of revenue recognition schedules:

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