Revenue Recognition and Revenue Forecasting
Hi Quickbooks Online Advanced team,
Recently you unveiled the new feature of revenue recognition in Quickbooks Online. This function looks to be working great but would be better if you had the capability to use it to project revenue received when recognized in the future. Currently this newly unveiled function does not display revenue earned in future months on reports despite changing the dates. NetSuite, Sage Intacct and AccountingSuite all for this function. It would be great if after recording an invoice using revenue recognition product lines if I could look at reports in a future date and see the revenue projected for the corresponding months in Quickbooks Online Advanced. Here is a link to the feature I am referring to from the Quickbooks YouTube channel:
How do you say that this is working? It is not working correctly for me as it is recording prepaid services as a Receivable. This is working more like a recurring transaction in which a recurring service is rendered then an invoice is sent.