Enabling the Revenue Commitments Feature

Note:

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).

Important:

The functions discussed in this topic require the Revenue Commitments feature to be enabled.

If you plan to use the Revenue Commitments feature, then you must first enable the Revenue Recognition feature.

To enable the Revenue Commitments feature:

1. Go to Setup > Company > Enable Features.

2. Click the Accounting tab.

3. If Revenue Recognition is not already enabled, you must check the Revenue Recognition box.

4. Check the Revenue Commitments box.

Important:

If an open revenue commitment or revenue commitment reversal exists, then you cannot disable the Revenue Commitment feature.

Related Topics

Enabling Features

Setting Up the Revenue Commitments Feature

Setting Revenue Commitment Preferences

Assigning Revenue Commitment Permissions

General Notices