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Select the Use Phased Revenue Recognition option to be able to recognize revenues on each stage (or phase) of long-term projects  according to IFRS 15contract completion process according to IFRS 15.
If multiple currencies are used during the contract completion, consider selecting the Use Exchange Rates on the First Revenue Recognition option. In case this option is selected, the exchange rate used when the first invoice is created will be used for all later documents. If the option is not selected, the exchange rate in effect on the month-end closing will be used for all documents posted in this month.
Select the Apply Retention check box to indicate to the system that final payment retention must be applied to this contract of the company.
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