About Recognition Schedules

Recognition schedules provide forward-looking data, letting you see how much revenue or cost will be recognized over the lifetime of a source record. You can generate recognition schedules as soon as a source record is created. This means that you have information about your company's future revenue position without needing to run forecasting or the recognition process.

For example, you might create a source record with a value of 12000 that spans 12 months and uses an Equal Split (Months) template. Generating recognition schedules for this source record will result in a recognition schedule with 12 recognition schedule lines: one line per period for the value of 1000. You can use this recognition schedule data in a tool such as Business Analytics to build custom reports giving you a forward-looking view of your company's financial position.

For information about how to set up Revenue Management for recognition schedules, see Additional Setup for Generating Recognition Schedules.

When the setup is complete, you can generate recognition schedules in the following ways:

• In bulk by starting the process from the Revenue Recognition page. See Generating Recognition Schedules.
• For individual revenue contracts and individual billing contracts by using a Generate Recognition Schedules button on the contract's detail page. See Generating Recognition Schedules.
• Using the Revenue Management API, you can develop custom code to call the RevenueScheduleService or the RevenueScheduleAutomationService. See Using the API or Apex Actions to Generate Recognition Schedules.
• When creating or updating a revenue contract using the Revenue Management API, you can develop custom code to call the create method from the Revenue Contracts Service. See Using the API or Apex Actions to Generate Recognition Schedules.
• Using Process Builder, you can configure a process to trigger the action. See Using the API or Apex Actions to Generate Recognition Schedules.

For information about the permissions required to generate and recognize recognition schedules, and important information about sharing, see Permissions and Sharing when Working with Recognition Schedules.

Warning:

Do not create custom lookups to recognition schedules or recognition schedule lines because doing so might cause issues if they are deleted.

Recognition Schedules and Template Types

If you generate recognition schedules using an "Equal Split" recognition template with the "445" calculation type, Revenue Management switches it to the "Days" calculation type at run time. The resulting recognition schedules show the recognition method as "Equal Split Days in Period" but the scheduled periods are still calculated on a 445 basis.

If you use "Equal Split" recognition templates with the calculation types "Months" or "Days", be aware that amounts shown in the resulting recognition schedules might differ slightly from amounts that would be calculated when recognizing revenue or cost against source records (sometimes known as Actuals 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.). This is because if recognition years and periods are set up they are used when generating recognition schedules, but the Gregorian calendar is always used when recognizing revenue or cost against source records. For more information, see About Recognition Years and Periods.

Notes:

You cannot create recognition schedules for source records that have a "Use in Revenue Contract" recognition template A recognition template that has the Use in Revenue Contract checkbox enabled..

Only recognition templates with a revenue basis of Total Revenue, or a cost basis of Total Cost, are valid for generating recognition schedules. If you have recognition templates using a different revenue basis or cost basis, recognition schedules will not be generated for source records using those templates. You must edit the templates to set the revenue basis to Total Revenue, and the cost basis to Total Cost.