Revenue Accounting for Early Termination Fee

You can now create a new revenue contract when you bill your customers for terminating the subscription early. The Early Termination Fee is now interfaced to Revenue Management Cloud to create a new revenue contract.

1. ASC 606 compliance for Early Termination Fee by creating a revenue contract.

Steps to Enable

You don't need to do anything to enable this feature.

Tips And Considerations

1. Undo Close action will not annul the revenue contract created for the early termination fee.