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. |
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2 | One-off |
Create years and periods in Revenue Management. |
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3 | Repeatable |
Decide on your primary source objects and up to three additional levels of related source objects. |
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4 | Repeatable |
Ensure your source objects have all the fields Revenue Management requires to calculate values. |
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5 | Repeatable |
On each source object, add a lookup to the Recognition Template object. This is so that later (in step 9) you can assign a template to each source record. |
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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 Recognition 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. |
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7 | Repeatable |
Create a recognition settings record for each source object. |
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8 | Repeatable |
Create a recognition template for each source object that you want to include in forecasting and recognition processes, or for which you want to generate recognition schedules. |
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9 | Repeatable |
Assign recognition templates to your source records or configure template mapping. |
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10 | One-off |
Optionally customize the batch size of processes. Certinia Customer Support can advise you on whether this is necessary for your org. |
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11 | One-off | Optionally set an organization-wide email address that Revenue Management will use when sending emails from background processes. |
Additional Setup
You must complete additional setup to use the features listed below.
Feature |
Related Help Topic |
---|---|
Generating Recognition Schedules |
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Recognizing Revenue and Cost against Recognition Schedules |
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Multiple-Element Arrangements |
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Engagements |
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Cost Recognition |
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