Open Forum

ASU606 and Unitized Revenue Recognition

  • 1.  ASU606 and Unitized Revenue Recognition

    Posted Apr 11, 2019 08:48 PM
    ​We recently changed our revenue recognition model from percent complete to unitized.  We want to leverage Dynamics Project Accounting and I'm interested in hearing how other companies are doing it today.  All responses are welcome.  I will be at the user conference next week and would really appreciate an opportunity to connect.  Thanks!

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    Sue Fritz
    Controller
    Baim Clinical Research Institute
    Boston MA
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  • 2.  RE: ASU606 and Unitized Revenue Recognition

    BRONZE CONTRIBUTOR
    Posted Apr 12, 2019 09:03 AM
    We use allocator to generate the unbilled revenue as daily production is entered.   Allocator Dr AR Unbilled and Cr Revenue when production is posted.  We use Flexible Billings to bill at which time AR is debited and AR Unbilled is credited. I will be at DSLUG as well.  Feel free to email me at DSLUG if you'd like to discuss further.

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    Jenny Dinh
    CFO
    Noble Resources Corp
    Tampa FL
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