
Turn on revenue recognition in QuickBooks Online
by Intuit•10• Updated 3 weeks ago
Learn how to turn on revenue recognition in QuickBooks Online Advanced.
Before you can set up a revenue recognition schedule, you need to turn on revenue recognition in your settings. If you don’t want to use any existing templates, you’ll also need to make your own.
For a better experience, open this article in QuickBooks Online. Launch side-by-side view .
Turn on revenue recognition
- Go to Settings
, then select Account and settings (Take me there).
- Select Sales.Â
- In Products and services, select Edit ✎.
- Turn on Revenue recognition.
- Select Save, then Done.
Create or manage custom revenue recognition templates
Instead of using pre-built templates, you can create custom templates to manage revenue recognition for invoices.
- Go to Advanced accounting, then Revenue recognition (Take me there).
- If this is your first time visiting this page, select Get started. Otherwise, select Manage settings
then Manage templates.
- If none fits, select Add new template.
- Enter a name for this template, then select the recognition method, frequency and period.
- When finished, select Save.
Next steps
After you’ve turned on revenue recognition, you can set up a revenue recognition schedule for recurring services or product payments you issue to customers.
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