Project Management · Odoo glossary

Revenue Recognition

Revenue recognition determines when and how much revenue is recorded as earned under the business’s accounting policy.

Definition

In general ERP practice

Revenue recognition determines when and how much revenue is recorded as earned under the business’s accounting policy. Invoice date, cash collection and delivery may occur at different times.

In Odoo

Odoo deferred-revenue schedules can spread invoiced revenue across specified periods, while invoices and accounting entries record other revenue flows. These are tools for the chosen policy; billing a project milestone is not by itself proof that every recognition criterion has been satisfied.

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