# Over-time recognition

> Over-time recognition — Recognizing a performance obligation's revenue as it is satisfied, measured by progress — required when the customer receives and consumes the benefit as the entity performs, controls the asset as it is built, or the asset has no alternative use and the entity has an enforceable right to payment to date.

Source: https://lopifi.com/glossary/over-time-recognition
Part of: Lopifi — US GAAP books on autopilot, checked by a CPA (https://lopifi.com)

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**What is over-time recognition?** In accounting, over-time recognition means recognizing a performance obligation's revenue as it is satisfied, measured by progress — required when the customer receives and consumes the benefit as the entity performs, controls the asset as it is built, or the asset has no alternative use and the entity has an enforceable right to payment to date.

## Words this system refuses for it

- ratable alone
- straight-line revenue

- **Category:** Revenue recognition
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Related:** performance-obligation, revenue, asset