How to Record Equipment Decommissioning Revenue
Records revenue for the service of decommissioning and removing customer equipment at the end of a project.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Accounts Receivable | Debit | 2,500.00 | - |
| Service Revenue | Credit | - | 2,500.00 |
💡 Accountant's Note
Revenue is recognized at the point in time when the decommissioning service is completed and control of the service is transferred to the customer.
Practitioner & Systems Framework
💻 ERP Architecture
Post a project-based invoice once the milestone status is set to complete.
⚠️ Audit Flags
Review of the completion certificate or customer sign-off date.
📄 Required Documentation
Decommissioning report and customer acceptance document.
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