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Accounting rules is defined to create revenue recognition schedules for the invoices. Accounting
rules determine the number of periods and percentage of total revenue to record in each accounting
period. This Accounting rules can be used with transactions that is to be imported into Receivables
using AutoInvoice and with invoices that is created manually in the Transaction windows. Unlimited
number of accounting rules can be defined, based on the business needs.
Prerequisites:
India Local Receivables Responsibility > Oracle Receivables > Setup > Transactions > Accounting
Rules
4. Daily Revenue Rate, Partial Periods This type is a hybrid between Fixed Schedule and Daily
Revenue Rate, All Periods. It will use a daily revenue rate to calculate the precise amount of revenue
for the partial periods in the schedule, then prorate the revenue evenly across the full periods.
(Partial Period is when the invoice exists for only part of the period as opposed to all days within the
period.)
Period: Enter the Period to use for accounting rule schedule, which is defined in General Ledger.
Number of Periods: Enter the number of periods this accounting rule to recognize revenue across.
If this accounting rule type is 'Accounting, Fixed Duration,' enter the Number of Periods to use for
accounting rule schedule. Ex: if period of 'Weekly' is defined and number of period is defined as'3',
then Receivables creates a rule schedule for three weekly periods.
Deferred Revenue: If recognizing revenue to be delayed, then enable this check box. When checked,
invoices using this rule will have its revenue deferred to an unearned revenue account, and the
Revenue Accounting Management (RAM) wizard to recognize the revenue to be used.
Schedule Block:
Define revenue recognition schedule for this accounting rule. Enter the percentages of revenue to
recognize within each period of your accounting rule. If this accounting rule type is 'Accounting,
Fixed Duration,' Specific Date to be selected, enter specific dates for each period of the revenue
recognition schedule for this rule.