Revenue recognition in Microsoft Dynamics 365 Finance and Operations - setup

Revenue recognition in Microsoft Dynamics 365 Finance and Operations - setup with simple visuals

Feature public availability : Oct 2019

1) Turn on maintenance mode and enable revenue recognition in GL in system configuration

2) Specify number sequences in GL

3) Specify revenue recognition defaults in parameters

4) Create revenue schedules

5) Define new posting profiles for deferred revenue and deferred cost

6) Define revenue schedule details in item group on on released product

7) Specify revenue prices on item

8) Also define setup basis

9) Along with revenue prices