NetSuite Tutorial: Revenue Recognition Rules | NetSuite accounting software

Revenue recognition rules define how revenue recognition plans are generated after a revenue element is created.

You can create multiple rules to define the terms under which revenue is deferred. These revenue recognition rules are used to generate revenue recognition plans that determine when and how revenue from associated items should be recognized.

For each rule, you can:

Select from standard revenue recognition methods

Set the time period over which revenue is recognized

Define an offset to delay the start of recognition

Set up an initial amount to be recognized

Select the source of the revenue recognition plan amount

Select the trigger for plan start and end dates

Determine how the plan is modified if the end date changes

Revenue recognition rules cannot be edited after they have been used to generate a revenue recognition plan.

The exception is that the rule name can be changed. You cannot delete revenue recognition rules after they have been used.

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