Scenario :
Created an Sales Order in the month of January and the same month is closed but the client want to give the Return Authorization amount equally for 12 months. i,e if Sales Order is created for $12000 , Return Authorization amount should be $1000 each for 12 months.
Solution :
- Create a Sales Order and give the Rev Rec Start Date and End Date as January and December under the Item Line.
Navigation : Transactions> Sales > Enter Sales Order
- Click on the “ Commit Revenue “ button on the Sales Order page.
- After committing the revenue click on the “Return Authorization button” and Approve it.
- On the Item subtab, click on “Rev Rec Schedule “ to see the allocation
- Revenue Recognition Schedule : $2000 is allocated in the month of February and the rest is divided equally
