Stage 2: Selecting Revenue and Cost to Recognize

The process to recognize revenue and cost against source records (sometimes known as ActualsClosed Refers to the original revenue recognition process where staging data is generated for source records. The Recognize Revenue page and Recognize All use this process.), can be divided into three main stages:

  1. Filtering and grouping your data.
  2. Selecting revenue and cost to recognize.
  3. Creating a recognition transaction that contains one or more transaction lines.

This topic describes the second stage.

To select revenue and cost to recognize

  1. Review the grid to see what data has been generated. Revenue values are generated for source records linked to recognition settings records where Revenue is included as a value type. Cost values are generated for source records linked to recognition settings records where Cost is included as a value type.
  2. [Optional] If grouping criteria have been applied, is displayed on grouped rows. Click this icon to expand a grouped row and view the records within it in a separate tab.
  3. [Optional] If you have many levels defined, use the and icons to hide or show each level.
  4. [Optional] Click the header row to change the sort order of the rows.
  5. [Optional] To view additional information on a specific row, click the information icon . This opens the Details Panel.
  6. To include a row for recognition, select its checkbox . To select all, select the top checkbox (in the header row). To remove all selections, clear the top checkbox. If a warning icon appears on a row, it cannot be included in this selection. This could be for a variety of reasons. Move your mouse cursor over the icon for more information and guidance.
  7. [Optional] You can adjust some amounts in the Recognize This Period columns by editing them. The level at which amounts are editable is defined by the current recognition template. If you change your mind after editing an amount, right-click in the cell and choose Reset to go back to the calculated value. (If you reload the same data between edits, in addition to Reset there is an option to Undo your last edit.)
  8. Review the amounts displayed. The number of detail records you have selected, and their total revenue and cost values are shown next to the Submit button.
  9. When you are ready to proceed, click Submit. See Stage 3: Creating a Recognition Transaction.

Upon clicking Submit, the grid refreshes to only display records that have not been committed.

Note:

If high volume of data means that all matching records cannot be retrieved, a single read-only line is displayed showing the total value of all the matching records. You can select the All Records row to commit the total Recognize This Period values without reviewing any detail.