Enhanced interface

Revenue recognition schedules—AR or Order Entry

A revenue recognition schedule shows you which periods of deferred revenue have been posted, which periods have yet to be posted, and when each posting is scheduled for a transaction line item. The revenue recognition schedule displays a row containing the definition of what will be a revenue recognition journal entry for each period in the recognition term. For example, if there are 12 months in the revenue recognition term, then the revenue recognition schedule displays 12 rows.

Although you might have the option to post revenue for rows with posting dates in the past, there’s no explicit Post function available in the Revenue Recognition Schedule window. To post revenue from a schedule, use the Manage Revenue Schedules page.

Subscription	Standard revenue recognition for AR or Standard revenue recognition for Order Entry
Regional availability	Australia Canada South Africa United Kingdom United States
User type	Business
Permissions	General Ledger Revenue recognition schedules: List, Edit Order Entry Transactions: List, View, Edit
Configuration	To change posting dates, edit schedule rows, or reallocate revenue, Edit revenue schedules must be set to true in the Configure Revenue Management page.

What can I do to a revenue schedule?

You can do the following for an individual revenue recognition schedule, depending on your permissions:

View a Revenue Recognition Schedule

Do one of the following:

From the Revenue Recognition Schedules list, locate the desired revenue recognition schedule, select the three dots at the end of a record row and select View.
From the applicable source transaction (for example, from an OE sales invoice), select the applicable line item in the Entries section, select Show details, and select View schedule.
From the Manage Revenue Schedules page, filter for the desired revenue recognition schedule, select the link in the Total amount column for the corresponding transaction item.

Field descriptions

The following tables describe each field on the Revenue recognition schedule page.

Schedule Information tab
Change History tab

Schedule Information tab

Header

Header field descriptions
Field	Description
Revenue posting status	The status of the revenue recognition schedule will be one of the following: Not started: all entries are still open; no revenue has been recognized. In progress: at least one entry is posted. Some revenue is recognized but not all. On hold: no further revenue is recognized until the transaction is resumed, and no modifications can be made to the schedule. Partially terminated: a portion of the schedule has been terminated. The schedule includes one or more entries that are still Open. Terminated: no future scheduled revenue will be recognized. Completed: all scheduled revenue has been recognized.
Scheduled	The total amount of revenue to be recognized for the associated transaction item.
Recognition method	The allocation method that determines how the revenue is calculated during the term. Learn more about revenue recognition methods.
Template	The name of the revenue recognition template used by the schedule. Select the link in this field to view details about the revenue recognition template as it existed at the time the transaction was first posted.
Source transaction	The transaction identifier for the item from which the revenue recognition schedule originates.
Transaction date	The posting date of the transaction. Select this link to open the associated source transaction in another window.
For	The start and end dates for the revenue recognition schedule.
Cancellation date	The date the schedule was terminated. This field only appears on Terminated schedules. The cancellation date depends on the option selected when the schedule was terminated: All: If no revenue was posted, the cancellation date equals the schedule start date. If revenue was posted, the cancellation date is the day after the last posted entry. Any scheduled after the schedule's next posting date: The cancellation date is the day after the last open entry (soon to be posted). Any after specified date: The cancellation date equals the date that you select.
Category	The reason for the hold or termination. This field only displays for revenue recognition schedules with On hold or Terminated status and for which a category was selected when the schedule was acted upon.
Memo	Any text associated with the hold or termination. This field only displays for revenue recognition schedules with On hold or Terminated status and for which a memo was entered when the schedule was acted upon.
Class	The class dimension value associated with the transaction line item. This field only appears in Edit mode. This dimension label is customizable and may be something other than Class.
Item	The transaction line item associated with the revenue recognition schedule. This field only appears in Edit mode.
Customer	The customer associated with the revenue recognition schedule. This field only appears in Edit mode.
Supplier	The supplier associated with the transaction line item. This field only appears in Edit mode.
Project	The project associated with the transaction line item. This field only appears in Edit mode.
Employee	The employee associated with the transaction line item. This field only appears in Edit mode.

Schedule entries

Schedule entries field descriptions
Field	Description
Status	The status of the periodic revenue recognition. The status will be one of the following: Open: The revenue recognition journal entry has not been created On hold: The revenue recognition journal entry cannot be created Posted: The revenue recognition journal entry has been created Terminated: No revenue recognition journal entry will ever be created and the Txn amount has been canceled.
Posting date	The date the revenue recognition journal entry is scheduled to be created. This date may be blank for schedules associated with projects. Learn more about project revenue recognition schedules.
Acct no.	The account where the revenue will be recognized.
Journal	The journal where the revenue recognition journal entries derived from the schedule are posted.
Budgeted hours	The total hours budgeted for the project. The system retrieves this value from the Budgeted duration (hours) field on the Project summary tab of the project.
Planned hours	The total Planned duration for all project tasks or for the associated milestone task.
Estimated hours	The total Estimated duration for all project tasks or for the associated milestone task.
Actual hours	The total Actual duration for all project tasks or for the associated milestone task.
Approved hours	The total Approved duration for all project tasks or for the associated milestone task.
Remaining hours	The total Remaining duration for all project tasks or for the associated milestone task.
Budgeted cost	Displays one of the following: If percent completed is based on Budgeted cost from GL, displays the value from the Budgeted cost from GL field on the Project summary tab of the project. If the percent completed is based on Budgeted cost from summary, displays the value from the Budgeted cost field on the Project summary tab of the project.
Actual cost	The actual cost as of today's date. This field displays the amount gathered from transactions (expenses, timesheets, and so on) posted accounts in the account group specified in the Cost field in the Project summary section of the Configure Projects page.
Remaining cost	The Budgeted cost less Actual cost.
Currency	The currency in which the transaction amount is expressed.
Observed percent completed	The user-defined value entered in the Observed percent complete field on the project or associated milestone task.
Percent completed	The percentage of completeness of the project, service, or milestone as calculated according to the Based on setting in the revenue recognition template. This column only displays for revenue recognition schedules with Recognition method = Percent completed. Learn how the system calculates percent completion.
Percent recognized	The percentage of the revenue to be recognized for the corresponding recognition period.
Txn amount	The portion of the revenue scheduled to be recognized expressed in the transaction currency.
Base amount	The portion of the revenue scheduled to be recognized expressed in your company's accounting currency.
Posted base amount	The portion of the revenue that was recognized expressed in your company's accounting currency. When an entry is posted, the value in this column becomes a link to the Journal entries window.
Milestone	Displays the description (if any) associated with the milestone percentage from the associated revenue recognition template. This column is only applicable to when the associated revenue template has Recognition method = Milestone and Percent or Milestone Source = User-specified.

Change history tab

Change history tab field descriptions
Field	Description
When modified	The date the change was made to the revenue recognition schedule.
Modified by	The user name of the person who made the change to the revenue recognition schedule.
Summary	The type of change that was made to the revenue recognition schedule. Types of changes can include: Created action (date the schedule was created) Edit action (includes changed dates or amounts , cleared entries, and reallocated revenue) Hold action Partial termination Resume action Forward posting dates: Indicates that when the schedule was resumed, the user selected the option to change the scheduled posting dates to the current date. Terminate action
Memo	Any user comments entered when the change was made.