How to manually create a revenue schedule
Learn how to manually create a revenue schedule
You can manually create a revenue schedule on a charge associated with a custom rule from the subscription. You can manually create a revenue schedule at any time after the subscription charge becomes active; for example, upon the contract effective date.
Create a revenue schedule
The following navigation paths lead you to manually create a revenue schedule:
- Revenue Workbench
- Subscription Charge
- Charge Revenue Summary
Navigate to revenue workbench to create a revenue schedule
Navigation: Click Finance > Revenue Workbench.
The Revenue Workbench manages the creation of revenue schedules and undistributed revenue on subscription charges. On the subscription charge that requires a revenue schedule to be created, click create revenue schedule in the Revenue Schedules column.
Navigate to the subscription to create a revenue schedule
Navigation: Click the Subscriptions > Subscriptions tab, and select the subscription from the list.
On the subscription page, find the charge and click Create under the Revenue column.
Navigate to the charge revenue summary to create a revenue schedule
If you have already created a revenue schedule for a subscription charge that uses a custom unlimited recognition rule, you can create more revenue schedules for the subscription charge from its Charge Revenue Summary page.
Navigation: Click Finance > Revenue Workbench. Click view revenue under the subscription charge for which you want to create a revenue schedule. The Charge Revenue Summary is displayed. In the top right corner, click create revenue schedule.
Complete the information for revenue schedule
- Define the Revenue Schedule Date and the Revenue Schedule Amount.
- Distribute revenue amounts into accounting periods.
- Enter the revenue amount to distribute in account periods under the New Amount column.
- Any remaining undistributed amount is left in the Open-ended (undistributed) period.