Dear all,
as we approach the year end, I take the opportunity to remind you that the general revenue recognition rule for transactional products (no systems and services) requires that the goods reach the customer premise before December 31st.
This means that there is a proof that the delivery actually happened and this includes the Delivery order date and signature together with the shipping document from the transportation company.
Our auditors will sample some shipments (in particular the one closest to the end of the month) to check that the proofs of delivery are correctly in place.
For any doubt regarding the revenue recognition rule, do not hesitate to get back to Finance team.
I count on your positive cooperation to have all this in place in the appropriate way and wish you all the best for this year end.
Sincerely yours,
Andrea