Project-based revenue
Learn how to set up project-based revenue
The debit memo sync also supports project-based revenue recognition. In this case, debit memo charges are recognized based on a project delivery instead of the time-of-sale or standard subscription schedule. This is common for items such as implementation services.
To set up project-based revenue, complete these steps.
- Create a project in NetSuite.
- Copy the NetSuite project's internal ID to the Zuora subscription's NetSuite Project ID.
- On the Zuora product rate plan charge, set the NetSuite Revenue Recognition Template Type to
Variable. - When the debit memo is synced, any
VariableTemplate Type charges will be synced with a reference to the project specified on the Zuora subscription.StandardTemplate Type charges will be synced without the project reference. - Manage the project and track time manually in NetSuite to recognize the revenue.