Before you recognize revenue against revenue schedules, make sure your revenue schedules are up to date. You can schedule the Generate Revenue Schedules process to run automatically (for example, overnight) to make sure any changes to source records are reflected in the revenue schedules. For information about scheduling the generate process, see Scheduling Revenue Management Processes to Run Automatically.
When you recognize revenue against revenue schedules, the process only recognizes revenue for revenue schedule lines that meet all the following criteria:
- A revenue schedule line must have a recognition status of "Pending".
- A revenue schedule line's period end date must fall within the periods selected for recognition.
- A revenue schedule line's source record must be flagged for inclusion in revenue recognition.
- A revenue schedule line must belong to a revenue schedule where the Total Revenue, Start Date, End Date, and Recognition Method match the related source record. If the source record has changed, meaning that these values do not match, the revenue schedule line is not recognized. You must regenerate the revenue schedule before recognizing.
When the Recognize Schedules process starts, it runs in the background. You can monitor its progress from the Process Runs page. When it finishes you are notified by email with a link to the relevant process run record, which is where you can find log information.