About Cost Recognition

You can recognize costs in the same way that you recognize revenue. The setup required is detailed in Additional Setup for Cost Recognition.

When you run recognition, note that:

• Cost values are generated if a source record's recognition settings record includes Cost as a value type.
• Revenue values are generated if a source record's recognition settings record includes Revenue as a value type.
• A source record can have both cost and revenue values.

You select, edit, and submit costs to recognize in the same way that you select, edit, and submit revenue to recognize. Cost values are recorded on recognition transactions and recognition transaction summaries along with revenue values.