Revenue Contingencies
You can use predefined revenue contingencies to assign to your customer transactions. You can define your own contingencies based on the predefined contingencies, and you can define revenue contingency assignment rules to control which contingencies are assigned to which transactions.
This table describes the predefined revenue contingencies and their corresponding contingency removal events.
Contingency Name |
Contingency Removal Event |
---|---|
Cancellation |
Contingency expiration date or expiration period |
Compliance Deferral |
Contingency expiration date or expiration period |
Customer Creditworthiness |
Receipt application |
Delivery |
Proof of Delivery |
Doubtful Collectibility |
Receipt application |
Explicit Acceptance |
Customer acceptance |
Extended Payment Terms |
Receipt application |
Forfeitures |
Contingency expiration date or expiration period |
Installation |
Customer acceptance |
Milestone |
Invoicing |
Prior Billing Acceptance |
Invoicing |
Refund |
Contingency expiration date or expiration period |