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How Zuora Revenue Derived the Amount for Long-Term vs. Short-Term Contract Liability and What’s New in the 37.012.00 Release

By Lana Lee posted 03-13-2023 14:35

  

At our March 9th, 2023 Zuora Revenue Workshop, @Nikki Wong, Senior Director of Product Management in Zuora Revenue shared what’s new in the Zuora Revenue 37.012.00 release and included a Tool Tip on how Zuora Revenue derived the amount for long-term vs. short-term contract liability.

Contract Liability is a Balance Sheet account and is subject for short term vs long term classification as per Accounting Guidances.  Zuora Revenue has provided automated short term vs long term reclassification functionality for our customer to address the needs.  During each period end close, customers can initiate the Accounting LT/ST Reclass feature from the main menu to perform the reclassification.

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How Zuora Revenue Derived the Amount for Long-Term vs. Short-Term Contract Liability

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