Revenue Recognition Reports
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 the equivalent information about the current feature, see Reports for Advanced Revenue Management.
Revenue recognition reports are available from the Reports > Revenue task link, and the Revenue group on the Reports page.
Most of the following reports are available after the Revenue Recognition feature has been enabled at Setup > Company > Setup Tasks > Enable Features ( Administrator ), on the Accounting subtab. Sales Order Revenue Forecast reports are available after the Sales Order Revenue Forecasting feature has been enabled.
The following reports are designed for revenue recognition reconciliation purposes. These reports' balances tie directly to the general ledger account balances.
For information about customizing deferred revenue reconciliation reports, see Enhancing Deferred Revenue Reports.
The following reports are designed for review of revenue recognition schedule data to forecast revenue. These reports are based on revenue recognition schedules and do not link directly to posted general ledger transactions, so their balances may not match ledger balances.
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Revenue Recognition Forecast Detail Report
The following two reports are available when the Sales Order Revenue Forecasting feature is enabled:
Because these reports are based on revenue recognition schedules, they include only schedule details, not other transactions. Direct posting to deferred revenue or revenue accounts may cause these schedule-based reports to differ from general ledger account balances.
With Revenue Recognition enabled, sales orders that have the Rev Rec on Rev Commit. box checked show in sales reports (the Sales by Customer Report, for example) if they are billed. If the order revenue is recognized and billed, both the sales order and the revenue commitment are shown.
Additional reports are available in the Revenue group when the Revenue Commitment feature is enabled. For information about these reports, see Revenue Reclassification Reports.