These release notes describe functionality that may not have been released yet. To see when this functionality is planned to release, please review What’s new and planned for Dynamics 365 for Finance and Operations. Delivery timelines and projected functionality may change or may not ship (see Microsoft policy).
Revenue recognition management provides automation to help accounting and finance professionals comply with International Financial Reporting Standard (IFRS) 15 and Accounting Standards Codification (ASC) 606.
New capabilities will include support for product bundles and kits such as:
- Software and maintenance
- Software and services
- Hardware and service
These capabilities will handle the following features:
- Revenue pricing
- Revenue schedules
- Bundle setup
- Multiple sales order reallocation
- Workspace navigation and reporting
Users can enter a different price that they will recognize that is different than they charge the customer.
Revenue schedules determine the number of months for the revenue deferral. Options are available to create the schedule based on actual days of the month, splitting equally across month or based on a set number of occurrences.
Multiple sales order reallocation
The new workspace is used to look at the status of the revenues schedule records created for deferred revenue.