Enable Deferred Revenue True-Up

This Feature Console page performs setup to enable deferred revenue true-up. If you intend using deferred revenue true-up, you must enable this feature regardless of whether you are setting up Revenue Management for the first time or upgrading from an older version.

Before You Begin

To calculate true-up values, Revenue Management needs to access fields on each source record containing that record's deferred revenue to date value in the following currencies:

  • Document currency
  • Home currency if you intend calculating true-up values for home currency.
  • Dual currency if you intend calculating true-up values for dual currency.

Therefore you must ensure that your source objects have fields to store these deferred revenue to date values and currencies.

Note:

If you do not already have fields on your source objects for Home Currency and Dual Currency you can add them by enabling the Historic FX Rates - Source Object Setup feature. This feature also sets up fields for Document Rate and Dual Rate, and explains how to configure a Salesforce flow to populate the rate fields automatically. For more information, see Enabling Historic FX Rates - Source Object Setup.

Enabling Deferred Revenue True-Up

To enable the Deferred Revenue True-Up feature:

  1. For feature step 1, click Perform. This step updates the Recognition Settings object with fields required for deferred revenue true-up. When the step has completed, its Status changes from "Not Done" to "Done".
  2. For feature step 2, click Launch then select the source objects you want to update for deferred revenue true-up. The following fields will be added to your chosen source objects: Recognized to Date (Home), Recognized to Date (Dual), Include in True-Up.

  3. Click Add Fields to update the selected source objects, and update their recognition settings records to reference the new fields. When the process completes, the step is marked as "Done".

    You must now complete the remaining feature steps manually. Click Mark as Done as you complete each manual feature step in turn.

  4. For feature step 3, manually update the page layouts of your source objects to include the Recognized to Date (Home), Recognized to Date (Dual), and Include in True-Up fields. See Manually Updating Your Source Object Page Layouts.
  5. For feature step 4, manually update the recognition settings records for your source objects to include mappings to your deferred revenue to date fields, recognized revenue to date fields, and the balance sheet GLA for true-up values. See Manually Updating the Recognition Settings Records for Your Source Objects for a complete list of the fields you need to populate.
  6. For feature step 5, manually add the Deferred Revenue True-Up action button to the page layouts of your source objects. Add the button to the Salesforce Mobile and Lightning Experience Actions section of each page layout.

When you have completed all the steps, use the Status slider in the Feature section to enable the feature.

Manually Updating Your Source Object Page Layouts

For feature step 3, you must manually update the page layouts of your source objects to include the following fields:

  • Recognized to Date (Home)
  • Recognized to Date (Dual)
  • Include in True-Up

To give users access to these fields you must add them to the permission sets for your source objects.

For feature step 5, you must also add the Deferred Revenue True-Up action button to the Salesforce Mobile and Lightning Experience Actions section of each source object's page layout.

Note:

The Include in True-Up checkbox defaults to false on your source objects.

Manually Updating the Recognition Settings Records for Your Source Objects

For feature step 4, you must manually update the recognition settings records for each of your source objects to populate the following fields with the API name of the relevant field on the source object:

  • Deferred Revenue to Date
  • Deferred Revenue to Date (Home)
  • Deferred Revenue to Date (Dual)
  • Recognized to Date Value
  • Recognized to Date Value (Home)
  • Recognized to Date Value (Dual)
  • The True-Up GLA field

Make sure the recognition settings records also include mappings for Document Currency, Home Currency, and Dual Currency.

Setup to Create Accounting Journals from Deferred Revenue True-Up Transactions

If you want to be able to create Accounting journals from recognition transactions created by the true-up process, you must enable the True-Up RT to Journal Integration. For more information, see True-Up RT to Journal Integration Overview.