Steps: Link Customer Contracts for Revenue Allocation

Administrator Guide

You can associate multiple related customer contracts with a single parent customer contract. With linked contracts, you can consolidate all of your revenue in a common currency, display it in a single report, and reallocate revenue across the linked contracts.

Access the

Maintain Customer Contract Types

task.

Select the

Linked Contract

check box for 1 or more contract types.

Security: Set Up: Customer Contracts - Templates and Types
domain in the Customer Contracts and Project Billing functional areas.

(Optional) Set Up Revenue Allocation Configurations.

Select the

Allocate Revenue at Summary and Prorate at Line

check box. This check box includes all linked contracts at the summary level and prorates the allocation of revenue on the customer contract lines.

Create Customer Contracts.

As you complete the task, consider:

Option	Description
Contract Type	Select a contract type that you enabled for linked contracts. Workday populates the Line Type field for all contract lines with Fixed Amount - Revenue Only .
Revenue Override Amount	Complete the contract line information, including the amount of revenue that you want to recognize for each contract line.

Create a custom report that:

Consolidates information for your linked contracts.

Displays the balances of all linked contracts in the currency of the parent contract.

Organizes contract lines by revenue category.

Perform multiple-element revenue allocation for your linked contracts.

Create a billing schedule.

Create a revenue recognition schedule.

Steps: Create Multiple-Element Revenue Allocation