About Recognize All

You can run revenue recognition for all currencies and all revenue streams Source object groups. Each source object group has a primary source object and up to three additional levels of related source objects. Typical revenue streams might be Projects, Billing Contracts, and Sales Invoices. at once by using Recognize All. The Recognize All process runs in the background and sends you an email upon completion.

When you start the Recognize All process, you can choose whether to create revenue recognition transactions with the status "Committed", or with the status "In Progress" so that you can review them before committing them manually.

The process creates separate revenue recognition transactions for each combination of currency and revenue stream. For example, let's assume there are two companies in your org using the currencies and revenue streams detailed below:

Company	Currencies	Revenue Streams
Merlin Spain	EUR, USD	Billing Contracts, Sales Invoices
Merlin UK	GBP, USD	Projects, Sales Invoices

When you run Recognize All in this org, the following revenue recognition transactions are created:

RRT	Currency	Revenue Stream
RRT1	EUR	Billing Contracts
RRT2	EUR	Sales Invoices
RRT3	GBP	Projects
RRT4	GBP	Sales Invoices
RRT5	USD	Billing Contracts
RRT6	USD	Projects
RRT7	USD	Sales Invoices

RRT7 contains sales invoice details for both Merlin Spain and Merlin UK. If you prefer to have separate transactions for each company, you can do this by mapping the Grouped By field on your sales invoice settings record, to a Company field on your sales invoice object. Instead of RRT7, the Recognize All process will then create two transactions:

RRT	Company	Currency	Revenue Stream
RRT7	Merlin Spain	USD	Sales Invoices
RRT8	Merlin UK	USD	Sales Invoices

You can map the Grouped By field on your source object settings record to any Lookup, Picklist, or Text field on the source object. Recognize All will then create separate transactions for each combination of currency, revenue stream, and value in the Grouped By field on your source records. For example, if you map the Grouped By field to an Account field on your source object, Recognize All will create separate transactions for each combination of currency, revenue stream, and account.

Warning:

• After starting Recognize All, you cannot interact with the Recognize Revenue page until the process has finished. While the process is running, if another user tries to perform revenue recognition a message is displayed warning them that Recognize All is already running. They can ignore the message and continue. If you are both processing the same combination of source records and currency, issues such as over-recognition might arise. To avoid the likelihood of this happening, make sure users' areas of responsibility for revenue recognition do not overlap.

• In the Revenue Management workspace, when you click Run from the recognize all dialog box, a message is displayed letting you know that the process has started. This dialog box is closed automatically.