Why this is mistaken
Construct consideration from the enforceable exchange and measurement rules. Reconcile to invoices, but do not let billing determine the amount, timing, or classification of revenue.
Where to watch
When this mistake may appear
- The invoice says $126,000.
- That is the amount the customer will pay.
Check your work
Your work may contain this mistake if:
- Copies invoice total into allocation.
- Ignores a long payment delay.
- Nets a customer payment without testing a distinct benefit.