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Administrator Guide
Last Updated: 2023-06-23
Steps: Compare Revenue Allocation Scenarios

Steps: Compare Revenue Allocation Scenarios

Revenue recognition rules require companies to present comparative financial statements using the new ASC 606 revenue standards. You can create revenue allocation scenarios to compare and display in reports.
  2. From the
    Maintain Revenue Allocation Scenarios
     report, click the
    Create Contract Set
     button to access the
    Create Customer Contract Set
     task.
    Enter a name for the contract set, or replace the contracts in an existing set with the contracts you select.
    Security: These domains in the Customer Contracts and Project Billing functional areas:
    • Process: Alternate Customer Contract
    • Process: Customer Contract - View
    • Process: Revenue - Allocations
  3. Access the
    Maintain Revenue Allocation Scenarios
     report.
    Set up unique combinations of contract sets and revenue allocation rules to compare in your scenarios.
    Security: These domains in the Customer Contracts and Project Billing functional areas:
    • Process: Alternate Customer Contract
    • Process: Revenue - Allocations
You can compare revenue allocation scenarios for your contract sets.
View your revenue scenario reports on the
Revenue Scenario Tool
 dashboard.