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Administrator Guide
Last Updated: 2023-06-23
Steps: Create Multiperiod Revenue Recognition Schedules

Steps: Create Multiperiod Revenue Recognition Schedules

Create a customer contract.
You can create revenue recognition schedules that cover multiple periods. You can specify the contract terms for each period, including the:
  • Date range for the period.
  • Revenue amount or percentage that you want to allocate to each period.
  1. Access the
    Maintain Schedule Types
     task.
    Select these check boxes for at least 1 schedule type:
    • Multi-Period
    • Revenue Recognition
    Security:
    Set Up: Customer Contracts - Templates and Types
     domain in the Customer Contracts and Project Billing functional areas.
  2. Select:
    • A
      Schedule Type
       that you enabled for multiperiod.
    • A
      Revenue Recognition Method
       of
      Number of Days
       or
      Spread Even
      .
    On the
    Multi-Period Allocation
     tab:
    • Click
      Add
      .
    • Select a
      From Date
       and a
      To Date
      .
    • Allocate a revenue amount or percentage to each period.
    The time periods for revenue recognition schedules can overlap, and you can allocate revenue up to the
    Revenue Schedule Total
    .
Generate revenue installments.