Articles on: Examples

Example: Creating a new Sales Order

This example creates a simple sales order for a recurring SaaS product which is sold with a year term and is bundled together with training services which are setup to be delived on a specific date.

The standalone selling price for the SaaS subscription and the training are not the same as the sales price, both are sold at a discount. The example shows you how the standalone price is picked up using the standalone selling price library. In addition you see how the revenue for the subscription is configured to be recognized ratably versus training is recognized when it is delivered (point in time). Finally, the entire amount is invoiced upfront and you see how the amounts are initially deferred and then recognized as the performance obligation is delivered to the customer. This is illustrated in the deferred revenue rollforward reports for the sale.

Updated on: 02/06/2021

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