Billing and Revenue Management overview

The Lawson Billing and Revenue Management application lets you bill customers and recognize revenue directly from Project Accounting.

Billing and Revenue Management works in conjunction with Project Accounting which provides a project accounting and activity-based costing solution.

Project Accounting captures information from all Lawson subsystems to provide an operational view of your organization. While the General Ledger application is used for a financial view of your organization and the Strategic Ledger application is used for a strategic view of your organization, Billing and Revenue Management streamlines the activity billing and revenue recognition processes.

The Billing and Revenue Management application lets you:

• define and maintain billing information for billable activities, including customer information and contract amounts

• assign a customer to a contract

• define the percentage of the activity billed

• define revenue recognition parameters independent of the billing cycle

• calculate multiple revenue recognition methods