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Hi Bo, I'm just trying to budget for our sales team bonus, but I want it to be based on when sales are recognised in
Hi Bo, I'm just trying to budget for our sales team bonus, but I want it to be based on when sales are recognised in the financial statements so that I have a sound basis for the calculation. If we take a typical sales cycle for one of our customers as an example, when is sales revenue recognised? Date: Stage: 01 October Order received, quote issued. 03 October Purchase order received, ordered processed. 05 October Order delivered to customer. 26 October Payment received
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