Skip to main content
Documentation
Documentation
Administrator Guide
Last Updated: 2023-06-23
Generate Accounting for Revenue Recognition Installments

Generate Accounting for Revenue Recognition Installments

  • Configure the
    Revenue Recognition Installment Event
     business process and security policy in the Financials: Revenue and Customers: Revenue functional areas.
  • Create a revenue recognition schedule for the award.
Scheduled revenue is recognized and the corresponding accounting generated when you run the
Create Revenue Recognition Accounting
 task. If you're creating revenue recognition for a multicompany award, you need to create revenue recognition accounting for each award line company.
  1. Access the
    Create Revenue Recognition Accounting
     task.
  2. From the displayed results, select the revenue recognition installments that you want to create revenue recognition accounting.
    Only revenue recognition installments with an outstanding milestone marked as complete as of the milestone due date display.
When the batch process to create the accounting is complete, view the results to confirm the accounting for the revenue recognition installments created is correct.
You can also schedule the generation of your revenue recognition accounting using the
Schedule Revenue Recognition Accounting
 task.