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Evenly Distributed: this option will take the total price for the service and divide it evenly across the length of the term/contract period. For example, an annual product with a price of $120 would be recognized at 1/12th ($10) per each fiscal month
At Invoice Creation: service revenue is deferred until the first invoice is generated. Once the invoice is generated the revenue is recognized. Typically, this would be used when finalizing a shippable product or switching from a trial service
At Charge Period Start: recognizes revenue when the service’s effective date is reached. When the effective date is reached even if the service has not yet been billed it will be recognized. Until the service’s effective date is reached it will remain as deferred
At Charge Period End: recognizes revenue when the service’s period end has been reached. The period end is determined by the billed invoice item or the end of the contract associated with the charge/term of the service fee
At Charge Date: revenue is recognized when the service is charged (billing is run)
Milestone Event: This option leverages additional custom fields or status changes (service status change, some other entity’s status changes, etc.) to know when a key deliverable event has been reached. Our implementation team will work with you to determine the best configuration to enable the system to track your milestone events
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