Below are some of the predefined accounting class used by Subledger accounting for Revenue Management:
- Contract Revenue
- Contract Asset
- Contract Liability
- Contract Discount Clearing
- Contract Clearing
- Contract Price Variance
- Initial performance events
- Satisfaction events
- Billing events
- Revisions and return events
Contract Liability becomes Revenue and Performance Obligations are satisfied. and With use a clearing account, Contract Asset become a receivable when Performance Obligations are satisfied.
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