Systems, methods, and apparatuses for implementing user customizable policies for revenue recognition

A system comprising:

• a memory to store instructions;
• and
• one or more processors coupled to the memory to execute the stored instructions to:
• receive user inputs from a rule creation user interface from a merchant to specify components of one or more revenue recognition rules to apply to transactions of the merchant on a per transaction basis;
• convert the user inputs into the one or more revenue recognition rules to enable one more key words for the one or more rules to be matched to line items of the transactions;
• track a plurality of transactions;
• access the one or more revenue recognition rules, including a set of conditions associated with the one or more revenue recognition rules;
• identify at least one of the one or more revenue recognition rules to apply to each transaction of the plurality of transactions based on a set of one or more characteristics of each transaction satisfying the set of conditions, wherein each of the one or more revenue recognition rules specifies how revenue is recognized for each of the plurality of transactions and the set of conditions includes an effective time period during which individual transactions are subject to each of the one or more revenue recognition rules;
• and
• automatically perform revenue recognition for each transaction based on the one or more revenue recognition rules determined to apply to each transaction.

One or more non-transitory computer readable storage media having instructions stored thereupon which, when executed by a system having at least a processor and a memory therein, cause the system to perform operations comprising:

• receiving user inputs from a rule creation user interface from a merchant to specify components of one or more revenue recognition rules to apply to transactions of the merchant on a per transaction basis;
• converting the user inputs into the one or more revenue recognition rules to enable one more key words for the one or more rules to be matched to line items of the transactions;
• tracking, by a network commerce system, a plurality of transactions;
• accessing the one or more revenue recognition rules, including a set of conditions associated with the one or more revenue recognition rules;
• identifying at least one of the one or more revenue recognition rules to apply to each transaction of the plurality of transactions based on a set of one or more characteristics of each transaction satisfying the set of conditions, wherein each of the one or more revenue recognition rules specifies how revenue is recognized for each of the plurality of transactions and the set of conditions includes an effective time period during which individual transactions are subject to each of the one or more revenue recognition rules;
• and
• automatically performing revenue recognition for each transaction based on the one or more revenue recognition rules determined to apply to each transaction.