Setting up Revenue Management
This table sets out the tasks involved in setting up Revenue Management.
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.
Step |
One-off or Repeatable | Task | Related Help Topic |
---|---|---|---|
1 | One-off |
Assign permission sets to Revenue Management users. |
|
2 | One-off |
Create years and periods in Revenue Management. |
|
3 | Repeatable |
Decide on your primary source objects and up to three additional levels of related source objects. |
|
4 | Repeatable |
Ensure your source objects have all the fields Revenue Management requires to calculate values. |
|
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. |
|
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:
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. |
|
7 | Repeatable |
Create a settings record for each source object. |
|
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. |
|
9 | Repeatable |
Assign templates to your source records or configure template mapping. |
|
10 | One-off |
Optionally customize the batch size of processes. FinancialForce Customer Support can advise you on whether this is necessary for your org. |
|
11 | One-off | Add the relevant RM Actions Lightning component to a Lightning page of your choosing if you are not using either of the pages that include it by default. |
Additional Setup
You must complete additional setup to use the features listed below.
Feature |
Related Help Topic |
---|---|
Generating Revenue Schedules |
|
Recognizing Revenue against Revenue Schedules |
|
Multiple-Element Arrangements |
|
Engagements |
|
Cost Amortization |
|