E1: 03: Revenue Recognition - Proof Of Delivery Update or Means to Record Performance Obligation during Revenue Recognition
Last updated on APRIL 09, 2017
Applies to:JD Edwards EnterpriseOne Accounts Receivable - Version 9.1 and later
Information in this document applies to any platform.
It would be good to have a means to track when the performance obligation was met, or to track the receipt date of goods. They want to track this and based on that, do the revenue recognition for invoices, for which the performance obligation has been met
In other words They enter a SO or and then they create an invoice that goes into RR. We post the RR and at this time, it is available to be recognized.
Currently, we leave it to the customer to go to the workbench and recognize as much as they want to when they want to. When the goods are received or
the invoice is paid. Whatever it is that makes it able to be recognized. As of now, we don't have anything in the system that will auto recognize this
stuff, they have to select which invoices and how much to recognize manually.(they can do a batch at a time but they still have to identify the
invoices to include in the DW data selection).
So what they want is to see which invoices that are tied to SOs have had goods received and be able to use that to help them recognize these things
because that is what they want to use as their trigger for recognition/contract obligation fulfilled
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