Prevent Invoicing and Revenue Recognition Per Customer PO and Agreement

Often, companies plan Customer POs and Agreements and have users begin work before they are signed. In addition to having users log time and expenses, accurate billing and revenue forecasting is necessary for these cases. However, since these are considered to be part of projects at risk, invoicing, revenue recognition transaction, and revenue container creation should be disallowed.

When this feature is enabled, you can configure SuiteProjects Pro to prevent the creation of invoice and revenue recognition transactions against specific Customer POs and Agreements.

To do so, go to Administration > Application Settings > Invoices > Agreements > [Select an agreement] or Administration > Application Settings > Invoices > Customer POs > [Select a customer PO]and check the Prevent invoice revenue creation agreement box.

If the box is checked, users will not be able to use the associated charges in invoices, revenue recognition transactions or revenue containers for that Customer PO or Agreement. Billing rules, revenue recognition rules, charge and revenue projections, project billing transactions, and charges can still be created for the project.

When it is safe to create invoices and revenue recognition transactions against the agreement or customer PO, clear the Prevent invoice revenue creation agreement box.

To enable this feature, contact SuiteProjects Pro Support.