Setup Considerations: Cumulative Catch-Up Revenue Installments
You can use this topic to help make decisions when planning your configuration and use of cumulative catch-up revenue installments. It explains:
- Why to set them up.
- How they fit into the rest of Workday.
- Downstream impacts and cross-product interactions.
- Security requirements and business process configurations.
- Questions and limitations to consider before implementation.
Refer to detailed task instructions for full configuration details.
What They Are
Cumulative catch-up revenue installments enable you to generate new revenue recognition installment amounts when you modify customer contracts.
Business Benefits
Cumulative catch-up revenue installments reduce manual processing by providing an option to automatically generate revenue recognition installment amounts when you modify customer contracts.
Use Cases
You can generate cumulative catch-up revenue installments when your company modifies the customer contract:
- Start and end dates.
- Term and amounts.
Questions to Consider
Questions | Considerations |
|---|---|
When you amend customer contracts, do you change the existing contract line amount? | When you change an existing contract line amount and enable automatic regeneration of installments on the revenue recognition schedule, Workday:
|
When you amend customer contracts, do you add a new line to update line amounts? | When you add a new line on the contract, you can either:
|
Recommendations
To reduce manual effort, you can enable cumulative catch-up revenue installments on revenue recognition schedule templates. Workday then automatically enables the option when you create a revenue recognition schedule for customer contracts using a template.
On the revenue recognition schedule, you can enable Workday to automatically regenerate installments. When you enable this option and generate cumulative catch-up installments, Workday automatically creates new installments when you modify the customer contract.
Requirements
To enable cumulative catch-up revenue installments on a revenue recognition schedule or template, you must use a:
- Revenue recognition method of defined installment, number of days, or spread even.
- Schedule type enabled for revenue recognition.
Limitations
You can't:
- Disable cumulative catch-up revenue installments when you have completed installments.
- Generate cumulative catch-up revenue installments for alternate customer contracts, standalone invoices with revenue recognition schedules, or customer contracts with a variable amount line type.
Tenant Setup
No Impact.
Security
Domains | Considerations |
|---|---|
Process: Customer Invoice - View in the Customer Accounts functional area. | Find cumulative catch-up revenue installments on revenue recognition schedules for customer contracts.
View cumulative catch-up revenue installments on revenue recognition schedule templates. |
Process: Revenue Schedule - Core in the Customer Contracts and Project Billing functional areas. | Create cumulative catch-up revenue installments on revenue recognition schedules for customer contracts. |
Set Up: Customer Accounts in the Customer Accounts functional area.
Set Up: Customer Contracts - Templates and Types in the Customer Contracts and Project Billing functional areas. | Create, edit, and view cumulative catch-up revenue installments on revenue recognition schedule templates. |
Business Processes
Business Processes | Considerations |
|---|---|
Customer Contract Event
| Review and approve customer contract dates, terms, and amounts before generating cumulative catch-up revenue installments. |
Revenue Recognition Schedule Event
| Review and approve revenue recognition schedules that generate cumulative catch-up revenue installments for customer contract modifications. |
Reporting
Reports | Considerations |
|---|---|
Find Revenue Recognition Schedules
| Find revenue recognition schedules by company, customer, schedule type, and schedule date. |
Revenue Recognition Schedule Templates
View Revenue Recognition Schedule Template | View revenue recognition schedule templates that generate cumulative catch-up revenue installments. |
Integrations
You can use these web services to retrieve, update, and submit cumulative catch-up revenue installments on revenue recognition schedules and templates:
- Get Revenue Recognition Schedule Templates
- Get Revenue Recognition Schedules
- Put Revenue Recognition Schedule Template
- Submit Revenue Recognition Schedule
Connections and Touchpoints
Workday offers a Touchpoints Kit with resources to help you understand configuration relationships in your tenant. Learn more about the Workday Touchpoints Kit on Workday Community.