Multi-year deals & revenue breakout
Nov 14, 2017 1:46 PM
Hi - I have two questions.
1) Multi-Year deals - I have an RFP for a three-year term. I am wondering if there is a way for me to recognize this deal over the three year period? For ex, if the total value is $300k, can I have this deal set up in such a way that it reflects three years - WITHOUT have to create three deals at (for ex) $100k each and three different closed dates?
2) Breaking out revenue - my deals have software license and services revenue. Right now, it looks as if I can only have a total revenue figure for a deal. Can I break a deal apart by revenue type and then have it total up. For ex $50k license, $20k training and $30k services for a total of $100k? If so, how do I do so? I know I can create products but that functionality seems rudimentary. How are people handling this?
Thanks to everyone for their help!