Often Ignored, one of the most important aspects of AR, especially in a Sarbanes-Oxley environment. Most companies I've been to don't use RevRec effectively, mostly because they don't understand (i.e. haven't been properly informed) about the full range of functionality.
Latest functionality that actually makes RevRec very useful is Daily RevRec. That is, you can use a rule that allocates revenue by the number of days in a month, either for the entire life of the Revenue (Full Daily RevRec), or just for partial months at the start and end, with the full month revenue smoothed out (Partial RevRec).
One thing to note - you can't seem to use the Daily RevRec rules in OM. Investigating that now.
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