Revenue Recognition concept in service invoice

aravind270582

Hi Experts,

Revenue Recognition concept is available in navision Service module?

i am receiving an advance from the customer for a contract. it is not my revenue because i have not rendered any service. do we have any batch like revenue recoginition where when i do the first month service i will just run a batch so that system will pick the 1st month amount from the advanced amount and post it from liability to revenue account.

jannestig

Yes depending upon what version you are using, I know its in at least version 5

Tick the prepaid field on the invoice details for a contract

it does the following

Prepaid Field
The Service Contract Header Table


A check mark in this field indicates that this service contract is prepaid.

When you invoice the contract, the program inserts service ledger entries for each month of the invoice period. When you post the invoice for the prepaid contract, the program transfers the payment amounts to the prepaid account. Then, you post prepaid contract ledger entries every month to the income account, and the program creates additional service ledger entries.

When you post an invoice for a non-prepaid contract, the program transfers the payment amounts directly to the income account and creates additional service ledger entries.

If the service contract is prepaid, you invoice the bill-to customer for the service contract at the beginning of each invoice period. If the contract is not prepaid, you invoice the bill-to customer at the end of each invoice period.

This field is disabled if you have selected the check box in the Invoice after Service field.

aravind270582

Hi,

Thanks a million for your help. It's working fine.

Regards,
A.Aravind.