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Manage Your Billing Processes with Salesforce Billing
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            Set Up a Revenue Recognition Rule for Full Recognition on a Specific Day

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            Set Up a Revenue Recognition Rule for Full Recognition on a Specific Day

            Create a revenue recognition rule that recognizes on a specific day the full amount paid for a product or service. (Salesforce Billing Managed Package)

            Required Editions

            Available in: All Salesforce Billing Editions

            We’re using invoice-based revenue recognition for this revenue recognition rule.

            1. Create your revenue recognition rule.
              1. From the revenue recognition rule object, click New.
              2. Give your revenue recognition rule a name. We recommend something simple and descriptive, such as One-Day Full Recognition.
              3. Select Active.
            2. On your rule, create a revenue recognition treatment.
              1. Click New Revenue Recognition Treatment.
              2. Give your revenue recognition rule a name. We recommend something simple and descriptive, such as One-Day Full Recognition Treatment.
              3. Set the revenue schedule creation action to Invoice Posting.
              4. Set the revenue schedule amount to Transaction Amount.
              5. Set your revenue legal entity, revenue gl rule, and revenue finance book based on your business needs.
            3. Create your revenue distribution method.
              1. From the revenue distribution method object, click New.
              2. Set the monthly recognition proration to Number of Days.
              3. Set the type to Invoice.
              4. Set the distribution method to Full Recognition.
              5. Select Active.
              6. Set the full recognition date to Invoice Line Start Date or End Date, depending on your business needs.
            4. Return to the revenue recognition treatment you made in step 2 and set its revenue distribution method to the record you created in Step 3.
             
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