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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 contract completion process according to IFRS 15. This option is available if the Enable the Phased Revenue Recognition functionality option is selected on the Administration > Settings > General Settings form.

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Select the Apply Retention check box to indicate to the system that final payment retention must be applied to this contract of the company. This option is available if the Enable Retention Sales option is selected on the Administration > Settings > General Settings form.

The toolbar buttons

Click the Save button to save the new company or the Save and close button to save the company and close the form.

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