Here’s another NetSuite report that will help you with revenue recognition. The Billing and Revenue Summary report displays billing, revenue recognition, and revenue deferral data for sales transactions and projects.

In this guide, the following will be covered:

I suggest you watch the video. It’s easier to understand if you are a visual/audio learner. The content below is the same as the video. It’s for those who learn by reading.

 

Viewing Billing and Revenue Summary Report

Once logged into NetSuite, follow these steps:

  • Step 1: Go to Reports → Revenue → Billing and Revenue Summary.
  • Step 2: Adjust the values for Date, To, and From.
  • Step 3: Select a Value in the Subsidiary Context (if using OneWorld account).
  • Step 4: Select a Value in the Accounting Book (if using multi-book accounting).
  • Step 5: Click Refresh to apply filters.
NetSuite Billing and Revenue page
Billing and Revenue Summary – No Data Available

 

Report Columns

The report includes the following columns:

  • Date
  • Source Document Number
  • Source Type
  • Revenue Arrangement
  • Customer
  • Amount
  • Total Amount Billed
  • Total Amount Planned
  • Total Amount Recognized
  • Total Amount Deferred
NetSuite Billing and Revenue page with Report Columns
Billing and Revenue Summary – With Data

Clicking the values in the first four columns will open the associated records. Note that Invoice is displayed as the source type for charge-based projects.

 
Summary
You just learned how to view the Billing and Revenue Summary Report in NetSuite. To recap, you can click on the links below.

 

watch video in youtube

 

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