This Feature Console page performs setup to allow you to recognize revenue against revenue schedules. If you intend recognizing revenue against revenue schedules, you must enable this feature regardless of whether you are setting up Revenue Management for the first time or upgrading from an older version.
Before You Begin
Before you enable this feature, ensure that:
- You have configured Revenue Management as detailed in Setting up Revenue Management.
- You have completed the setup described in Additional Setup for Generating Revenue Schedules, and are familiar with generating revenue schedules.
- If you are upgrading to this version, you have enabled the Upgrade to Summer 2022 feature. See Upgrade to Summer 2022.
Enabling the Recognize Revenue Schedules Feature
To enable this feature:
- It is important that you read the points listed in feature step 1:
- Not all use cases are supported. See the Help for details of what is currently supported, starting with About Recognizing Revenue against Revenue Schedules.
- There is currently a volume constraint of 50,000 Revenue Schedule Lines per Recognition Period.
- There is no support for Cost Amortization.
- There is no support for Home/Dual currencies.
- [Upgrading Customers Only] The Upgrade to Summer 2022 feature and steps must be enabled before this feature is enabled.
- While the feature step "Enable revenue recognition against Revenue Schedules" is enabled you can only recognize revenue against revenue schedules. If you want to recognize revenue against source records, you must discard any transactions created by this process before disabling the feature step. See step 3 for more information.
- Any Revenue Recognition Transactions with the status "In Progress" must be committed or deleted before enabling this feature.
- After reading the points listed in feature step 1, click Mark as Done if you are happy to proceed.
- For feature step 2, click Perform. When the step has completed, its Status changes from "Not Done" to "Done". While this feature step is enabled you can only recognize revenue against revenue schedules. See How Do I Disable Recognizing Revenue against Revenue Schedules? if you want to revert to recognizing revenue against source records.
- For feature step 3, click Perform to set the Global Opening Balance Cutoff Date to today. This date is used by default if source records do not specify their own cutoff date. You can change it by editing the Global Opening Balance Cutoff Date field in the Revenue Management Settings custom setting.
Now complete the next steps described below.
Next Steps
- Assign the Run Revenue Schedule Recognize Process custom permission to users who will be recognizing revenue against revenue schedules. This grants users permission to recognize revenue against the revenue schedule lines they have access to.
- [Optional] Remove access to the Recognize Revenue and Forecast Revenue tabs so that users do not try to use them by mistake.
- [Optional] Set up the Generate Revenue Schedules scheduled job to generate revenue schedules regularly. For more information, see Scheduling Revenue Management Processes to Run Automatically.