Revenue Management FAQs—AR or Order Entry

Revenue recognition schedules associated with projects typically use either the Percent completed or Milestone Recognition method Determines how revenue is calculated during the recognition term. The Recognition Method is defined in the revenue recognition template.. As the dates that revenue should be recognized for a project may not be known when the revenue recognition schedule is generated, the system does not initially include posting dates in schedules associated with revenue recognition templates where Recognition method = Percent completed or Milestone. The Manage Revenue Schedules page does not display open period schedules by default. However, you can set a filter to include open period schedules in the filtered results.

To view revenue recognition schedules for projects:

1. Go to Accounts Receivable or Order Entry> All > Revenue recognition > Manage revenue schedules.
2. Select More filters to expand the filters, select the Include open period schedules checkbox, and select Apply filters.

If you have the appropriate user permissions, you can post revenue recognition from a revenue recognition schedule when desired. Most revenue recognition schedules are set to post revenue recognition journal entries automatically on dates determined by the associated revenue recognition template A revenue recognition template defines the amortization schedule for the deferred revenue. It contains the contract term, allocation method, and other data required for calculating the schedule. Administrators usually maintain these templates..

To post revenue recognition before the next scheduled posting date:

1. Go to Accounts Receivable or Order Entry> All > Revenue recognition > Manage revenue schedules.
2. In the Action options field, select Post revenue from a schedule.
3. In the Revenue posts on or before field, use the calendar tool to select the desired date.
4. Select More filters to expand the filters, select the Include automatic posting schedules checkbox, and then select Apply filters.
5. In the Filtered schedules section, select schedules you want to post, complete any Currency gains and losses information as needed (applicable to multi-currency companies only), and select Post.

Learn more about posting revenue recognition from a schedule.

The only difference is that Advanced Revenue Recognition provides support for multiple-element arrangements (MEAs), which includes fair value price lists and MEA allocation. Standard Revenue Recognition does not.

1. Go to Accounts Receivable or Order Entry> All > Revenue recognition > Manage revenue schedules.

2. In the Action options field, select Post revenue from a schedule, select More filters, select Include open period schedules, define other filter criteria as desired, and select Apply filters.

   The Filtered schedules section displays only transaction items that meet the selected filter criteria. A Post button also appears in the page header.

3. If you want to view the correct posting amount prior to posting:
   1. Select Total amount next to the applicable transaction line.

      The Revenue Recognition Schedule opens in a separate browser window. The schedule should show an Open row with a calculated Txn amount and the Posting date should default to today's date.

   2. Select Done to close the window.
   3. Select Apply Filters to refresh the Manage Revenue Schedules page.

      The transaction line item will now show the correct posting information.

4. Select the Select checkbox to the left of the items from which you want to post revenue or select the checkbox in the Select column header to select all items.
5. (Optional for multi-currency companies only) Enter applicable Currency gains and loss details in the applicable fields.

   This information will apply to all selected items.

6. Select Post.

   If the post was successful, a green bar and check mark appear in the header and indicates the number of schedules for which revenue was successfully recognized.

   If the post was not successful, a red bar and x appear in the header and indicates the number of schedules from which revenue could not be posted due to data error.

7. If there were errors, select Fix these schedules to view source transactions and line item numbers to use to investigate the errors.