Setting up Revenue Management

This table sets out the tasks involved in setting up Revenue Management to recognize or forecast revenue for records in your source application.

Some tasks only need to be performed once in your org (One-off), whereas other tasks need to be repeated for each group of source objects (Repeatable). For example, if you have one group of source objects consisting of Project, Milestone and Timecard, and another group of source objects consisting of Sales Invoice and Sales Invoice Line Item, you must perform the repeatable tasks for both groups.

Complete the tasks in the order shown. All tasks are mandatory unless marked as [Optional].

Step

 One-off or Repeatable Task Related Help Topic
1 One-off

Assign permission sets to Revenue Management users.

 Assigning Permission Sets
2 One-off

[Optional] Create years and periods in Revenue Management depending on the templates you intend to use for revenue recognition. Years and periods are not required for generating revenue schedules.

 Creating Recognition Years and Periods
3 Repeatable

Decide on your primary source objects and up to three additional levels of related source objects.

Choosing Your Source Objects

4 Repeatable

Ensure your source objects have all the fields Revenue Management requires to calculate values.

Identifying Fields on Source Objects

5 Repeatable

On each source object, add a lookup to Revenue Management's template object. This is so that later (in step 9) you can assign a template to each source record.

Adding Lookups on Your Source Objects to Revenue Management's Template Object

6 Repeatable

On the following Revenue Management objects, add lookups to your source objects. This is so that when the different transactions and lines are created, they have a link to the associated source record:

  • Revenue Recognition Transaction Line
  • Revenue Forecast Transaction
  • Revenue Forecast Transaction Line
  • Actual vs. Forecast Line
  • Performance Obligation Line Item
  • Revenue Schedule

You can optionally add lookups on the Revenue Schedule Line object to a source object's primary object or other related object. This allows visibility of all scheduled revenue associated with a primary record or other related record.

Adding Lookups on Revenue Management Objects to Your Source Objects

 

For information specific to revenue schedules, see Additional Setup for Generating Revenue Schedules

7 Repeatable

Create a settings record for each source object.

Creating Settings Records

8 Repeatable

Create a template for each source object that you will run Revenue Recognition (or Forecasting) on, or for which you will generate revenue schedules.

Note that % Complete templates are not supported for revenue schedules.

Creating Templates

9 Repeatable

Assign templates to your source records or configure template mapping.

Assigning Templates to Source Objects and What is Template Mapping?

10 One-off

[Optional] Customize the batch size of processes. FinancialForce Customer Support can advise you on whether this is necessary for your org.

 Controlling the Batch Size of Processes
11 One-off Add the RM Actions Lightning component to the Revenue Management Home Page, or another Lightning page of your choosing. This component is included on the Revenue Management Workspace by default.

Revenue Management Lightning Components