Default Settings for Performance Obligation

We recommend you use the Create Setup for Using Revenue Contracts feature in Feature Console to automatically create standard recognition settings and templates for revenue contracts and performance obligations.

If you create a recognition settings record manually for the Performance Obligation object, this table provides suggested default values.

Field Value

Notes

Recognition Settings Name Performance Obligation - Manual  
Settings Level Level 2  
Object ffrr__PerformanceObligation__c  
Parent Recognition Settings Revenue Contract - Manual  
Parent Lookup ffrr__RevenueContract__c  
Value Type Revenue,Cost  
Settings Type Actual  
Use in Revenue Contract FALSE This checkbox must be OFF.
Recognition Transaction Line Lookup ffrr__PerformanceObligation__c  
Recognition Schedule Lookup ffrr__PerformanceObligation__c Revenue Management creates this lookup field on the Recognition Schedule object.
Recognition Schedule Line Lookups ffrr__PerformanceObligation__c,ffrr__RevenueContract__c,ffrr__Engagement__c Revenue Management creates these lookup fields on the Recognition Schedule Line object.
Parent Relationship Paths Id,ffrr__RevenueContract__c,ffrr__RevenueContract__r.ffrr__Engagement__c These are the source fields that will populate the fields identified in the Recognition Schedule Line Lookups field.
Display Information Name  
Description ffrr__Description__c  
Start Date ffrr__StartDate__c  
End Date/Deliverable Date ffrr__EndDate__c  
Total Revenue ffrr__AllocatedRevenue__c  
Total Cost Cost__c  
Active Field ffrr__ReadyForRevenueRecognition__c  
Active Value TRUE  
Include Active Value Include  
Document Currency CurrencyIsoCode  
% Complete ffrr__PercentComplete__c  
Completed Field ffrr__Completed__c  
Completed Value TRUE  
Include Completed Value Include  
Recognition Complete ffrr__RevenueRecognitionComplete__c  
Revenue Recognized To Date Value ffrr__RecognizedToDate__c  
Cost Recognized To Date Value ffrr__AmortizedToDate__c  
Income Statement GLA ffrr__IncomeStatementAccount__c  
Balance Sheet GLA ffrr__BalanceSheetAccount__c  
Cost Center ffrr__CostCenter__c  
Income Statement GLA (Cost) ffrr__CostIncomeStatementAccount__c  
Balance Sheet GLA (Cost) ffrr__CostBalanceSheetAccount__c  
Cost Center (Cost) ffrr__CostCostCenter__c