Setting Up the Revenue Commitments Feature
Revenue Commitments is a 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).
The functions discussed in this topic require the Revenue Commitments feature to be enabled.
To set up the Revenue Commitments feature, complete the following procedures:
The Revenue Recognition feature must be enabled before you can enable Revenue Commitments.
Related Topics
- Using Revenue Commitments
- Revenue Commitments Process
- Advanced Revenue Commitments Overview
- Creating Revenue Commitments
- Creating Revenue Recognition Journal Entries
- Reclassifying Deferred Revenue for Revenue Commitments
- Creating Revenue Commitment Reversals
- Revenue Commitment Examples
- Revenue Reclassification Reports