# Point-in-time recognition

> Point-in-time recognition — Recognizing a performance obligation's revenue on the date control passes, judged by indicators: a present right to payment, legal title, physical possession, the risks and rewards of ownership, acceptance.

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

---

**What is point-in-time recognition?** In accounting, point-in-time recognition means recognizing a performance obligation's revenue on the date control passes, judged by indicators: a present right to payment, legal title, physical possession, the risks and rewards of ownership, acceptance.

## Words this system refuses for it

- on invoice
- when paid

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