The new revenue recognition standard is for compliance with ASC 606 and D365FO. it became available last month in generally release 10.0.5
To use this feature enable the module through license configuration when in maintenance mode.
System administration> Setup> License configuration. ( or go to the home page and use Advanced Search. Type “license configuration” and click on the “License Configuration” option.) Find the revenue recognition module under the General ledger node and select the module so that it is available for use.
To use the functionality set up schedules under Revenue recognition / Setup / Revenue schedules.
Set up five new posting types have been added to the inventory posting set up.
This video explains the basics of revenue recognition in Dynamics 365 Finance and how it’s used on sales orders. Customers will learn how different revenue schedules can be defined per item and how revenue schedule details are created upon invoicing a sales order.
