Accounting › Recognition
Revenue Recognition
Invoicing and revenue are not the same event. Five steps, the schedule they produce, and the deferred revenue that falls out of it.
In Accounting → Recognition · 8 screens
| Screen | Kind | What it is | Columns | Fields | Actions |
|---|---|---|---|---|---|
| Revenue Contracts | List | Invoicing and revenue are not the same event, and this is where the difference is held. Allocation is a decision; the schedule is its consequence. | 12 | 19 | 2 |
| Performance Obligations | List | A promise that is distinct. Three lines on an order can be one obligation, and one line can be three — and the allocation moves money between them. | 11 | 26 | 0 |
| Billing Schedule | List | What has actually been invoiced against a contract, which the recognition schedule knows nothing about and the contract balance cannot be computed without. | 8 | 10 | 0 |
| Recognition Schedule | Read-only list | Written forward for the whole term at the moment of allocation, so a deferred revenue waterfall is a query and not a projection. | 9 | 0 | 0 |
| Revenue Runs | Read-only list | Step 5, per period. A contract whose allocation is stale is reported as an exception rather than recognised on the old price. | 9 | 0 | 1 |
| Revenue Waterfall | Read-only list | What is still deferred and which period it will be earned in — the IFRS 15 disclosure, and what a board calls backlog. | 7 | 0 | 0 |
| Revenue Templates | List | How a kind of obligation is earned, so "monthly subscription" means the same thing on every contract and a new one does not invent its own rule. | 8 | 15 | 0 |
| Standalone Selling Prices | List | What a thing is worth on its own. Step 4 of the standard cannot be done without it, and an estimated price has to name the method it was estimated by. | 9 | 14 | 0 |