Enabling the Revenue Recognition Module in Dynamics 365 for Finance and Operations
Posted on: October 22, 2019 | By: Christopher Rusing | Microsoft Dynamics AX/365
The new revenue recognition standard has been set with ASC 606 and D365FO is ready to handle this accounting standard with the new revenue recognition module. This became generally available on October 1, 2019 so if you have updated your environment to 10.0.5 then you are able to use the functionality. Once you updated your system, you may be searching around for this module, but unable to see it. The reason is that you must enable the module through license configuration.
IMPORTANT NOTE: Your environment must be in maintenance mode in order to enable the configuration key for the revenue recognition module. For more information on maintenance mode, please click this link.
You need to go to System administration> Setup> License configuration and find the revenue recognition module under the General ledger node. You can check mark the module so it is available for use.
For additional information please feel free to reach out to us at email@example.com or (312) 345-8817.
All the best!
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