D-Tools

The Revenue Recognition functionality in Cloud lets you collect money from clients via a request-for-payment invoice and recognize revenue earned from work completed via a delivery invoice. Recognition is tied to the "Install Status" of items; items at or beyond the selected trigger status are considered ready to be recognized for invoicing. 

To enable Revenue Recognition, go to "<a href="https://d-tools.cloud/settings/accounting" rel="nofollow noopener noreferrer" target="_blank">Settings &gt; Finance &gt; Accounting</a>" in the left navigation menu and click "Enable Revenue Recognition." On the pop-up, click "Enable."

After you enable Revenue Recognition, you can tune the functionality for use in projects. The Cloud UI also now shows options to create RFP invoices per project and per account. 

Check out <a href="http://docs.d-tools.cloud/en/articles/18186705-enabling-revenue-recognition">this</a> article for more details. 

Collect payments through RFP and Delivery invoices

After you enable Revenue Recognition, you can collect payments for projects using Request for Payment (RFP) invoices and recognize revenue earned on completed work using Delivery invoices. 

An RFP invoice is similar to a milestone-based invoice available without Revenue Recognition enabled, except that tax is not broken out on an RFP invoice.

A Delivery invoice looks similar to an itemized invoice available without Revenue Recognition enabled, but functions differently because it is meant to designate what work has been completed and what revenue has been earned on a project. Delivery invoices are purely internal and for accounting purposes.

- An RFP invoice is similar to a milestone-based invoice available without Revenue Recognition enabled, except that tax is not broken out on an RFP invoice.
- A Delivery invoice looks similar to an itemized invoice available without Revenue Recognition enabled, but functions differently because it is meant to designate what work has been completed and what revenue has been earned on a project. Delivery invoices are purely internal and for accounting purposes.

Check out these articles for more details.

<a href="http://docs.d-tools.cloud/en/articles/18346511-creating-an-rfp-invoice">Creating an RFP invoice</a>

<a href="http://docs.d-tools.cloud/en/articles/18346514-creating-a-delivery-invoice">Creating a delivery invoice</a>

- <a href="http://docs.d-tools.cloud/en/articles/18346511-creating-an-rfp-invoice">Creating an RFP invoice</a>
- <a href="http://docs.d-tools.cloud/en/articles/18346514-creating-a-delivery-invoice">Creating a delivery invoice</a>

Revenue Recognition includes a standalone dashboard to track collected and potential deferred revenue across all active projects on Cloud. From the dashboard, you can create RFP and delivery invoices for projects. 

Check out <a href="http://docs.d-tools.cloud/en/articles/18225752-revenue-recognition-dashboard">this</a> article for more details.

With Revenue Recognition enabled, you need additional settings to push invoices and their details to the Cloud-supported Accounting integrations: QuickBooks Online, QuickBooks Desktop, and Xero.

Check out <a href="http://docs.d-tools.cloud/en/articles/18348539-using-revenue-recognition-with-accounting-integrations">this</a> article for more details.

Understand how the Revenue Recognition functionality works on Cloud

Revenue Recognition

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Revenue Recognition

Enable Revenue Recognition

Collect payments through RFP and Delivery invoices

Revenue Recognition dashboard

Accounting integrations