Revenue & Expense Rules
Recognition Recognition Rules RevLock support several different ways in which revenue can be recognized. It uses standalone selling price library to map each product item in the contract to the respective revenue recognition rule. Ratable Ratable method of revenue recognition distributes the revenue equally across the performance period of product is sold. This is true even if the booking and billing for the entire contract is received upfront. Ratable method is commonly used to recSome readersREVREC <> Chargebee Credit Notes
Overview Chargebee comes with a set of credit note reason codes that users can leverage to apply credit notes for different business scenarios, such as customers dissatisfaction over product or service; or partial refund for the original invoice when customers choose for a plan change or a different quantity. RevRec applies a set of default recognition methods for credit note based on the reason code and further provides users the ability to adjust the treatment for certain reason codes thrFew readersRevenue Arrangements
Understand your revenue plans and their accounting Once a sales order is recorded into REVLOCK it will automatically user the SSP library to create an associated revenue plan. Orders that have revenue plans are shows as "Active" in the search results on sales Active Plans Clicking through to a sales order you can get to the revenue arrangement. Revenue Arrangement (https://stSome readersHow a Ratable plan is generated in REVLOCK
Ratable Revenue Recognition Plan in Rev Rec Rev Rec automatically generates revenue recognition schedules based on service start date and service end date. This article shows the calculations Rev Rec will use to establish monthly amounts. You can choose between four methods. 30/360 Ratable Plan Classic Ratable Plan DSome readers