Metadata Changes when Enabling Revenue Recognition for Billing Contracts

When you enable the integration between Revenue Management and billing contracts, the following fields are created.

Warning:

We recommend that any fields Revenue Management adds to the Billing Contract Line Item object are added to the Cloned Line Excluded Fields field set so that values in these fields are not copied when Billing Central clones a contract line item.

Object Field Description
Billing Contract Include in Revenue Recognition Indicates whether or not the billing contract is included for revenue recognition. Selected automatically if the contract status is either "Active" or "Expired", and the contract type is "Contract".
Revenue Recognition Template Lookup to a template for recognizing revenue on the billing contract. This field is not used by the standard integration which recognizes revenue at billing contract line level, not header level.
Billing Contract Line Item Include in Revenue Recognition Indicates whether or not the billing contract line item is included for revenue recognition. Selected automatically if the corresponding field on the parent contract is selected, and the line's billing type is not "Recurring Variable".
Recognized to Date Stores the revenue that has been recognized to date for the billing contract line item. The value updates each time recognition transactions are committed for the contract line item.
Remaining Revenue Stores the amount that remains to be recognized.
Revenue Recognition Complete A checkbox that is automatically set by the revenue recognition process when the billing contract line item is fully recognized. The contract line item is then ignored by future revenue recognition processes.
Revenue Recognition Template Lookup to the template used to recognize revenue for the billing contract line item.
Billing Document Include in Revenue Recognition Indicates whether or not the billing document is included for revenue recognition. This field is not used by the standard integration.
Revenue Recognition Template Lookup to a template for recognizing revenue on the billing document. This field is not used by the standard integration which recognizes revenue at billing document line level, not header level.
Billing Document Line Item Include in Revenue Recognition Indicates whether or not the billing document line item is included for revenue recognition. Selected automatically if the parent billing document's type is "Invoice" and status is "Complete" and the related contract line item has the billing type "Recurring Variable".
Recognized to Date Stores the revenue that has been recognized to date for the billing document line item. The value updates each time recognition transactions are committed for the document line item.
Revenue Recognition Complete A checkbox that is automatically set by the revenue recognition process when the billing document line item is fully recognized. The document line item is then ignored by future revenue recognition processes.
Revenue Recognition Template Lookup to the template used to recognize revenue for the billing document line item.
Recognition Transaction Line Billing Contract Lookup to the billing contract associated with this transaction line.
Billing Contract Line Item Lookup to the billing contract line item associated with this transaction line.
Billing Document Lookup to the billing document associated with this transaction line.
Billing Document Line Item Lookup to the billing document line item associated with this transaction line.
Recognition Schedule Billing Contract Line Item

Lookup to the billing contract line item associated with this recognition schedule.

Recognition Schedule Line Billing Contract Lookup to the billing contract associated with this recognition schedule line.
Billing Contract Line Item Lookup to the billing contract line item associated with this recognition schedule line.
Product or Service The Product or Service name from the billing contract line item associated with this recognition schedule line.

Recognition Settings

This table lists the recognition settings records that are created for the source objects.

 

Billing Contract

Billing Contract Line Item

Billing Document

Billing Document Line Item

Recognition Settings Name

BC Contracts

BC Contract Lines

Billing Document

Billing Document Lines

Settings Level

Primary

Level 2

Level 2

Level 3

Parent Recognition Settings

blank

BC Contracts

BC Contracts

Billing Document

Object

ffbc__Contract__c ffbc__ContractLineItem__c fferpcore__BillingDocument__c fferpcore__BillingDocumentLineItem__c
Parent Lookup   ffbc__Contract__c ffbc__Contract__c fferpcore__BillingDocument__c

Value Type

Revenue

Revenue

Revenue

Revenue

Settings Type

Actual

Actual

Actual

Actual

Recognition Transaction Line Lookup ffrrBCContract__c ffrrBCContractLineItem__c ffrrBillingDocument__c ffrrBillingDocumentLineItem__c
Recognition Schedule Lookup   ffrrBCContractLineItem__c    
Recognition Schedule Line Lookups   ffrrBCContract__c,ffrrBCContractLineItem__c    
Parent Relationship Paths   ffbc__Contract__c,Id    

Reference

ffbc__Account__c ffbc__ProductService__c fferpcore__Account__c fferpcore__ProductService__c

Description

ffbc__ContractName__c ffbc__Description__c ffbc__Contract__c fferpcore__LineDescription__c

Start Date

ffbc__StartDate__c ffbc__StartDate__c fferpcore__DocumentDate__c ffbc__BillingPeriodStartDate__c

End Date

ffbc_EndDate__c ffbc_EndDate__c fferpcore__DocumentDate__c ffbc__BillingPeriodEndDate__c

Active Field

ffrrIncludeInRevRec__c ffrrIncludeInRevRec__c ffrrIncludeInRevRec__c ffrrIncludeInRevRec__c

Active Value

TRUE

TRUE

TRUE

TRUE

Include Active Value

Include

Include

Include

Include

Completed Field

  ffbc__ContractStatus__c   fferpcore__BillingDocumentStatus__c

Completed Value

 

Active

 

Complete

Include Completed Value

 

Include

 

Include

Recognition Complete   ffrrRevenueRecognitionComplete__c   ffrrRevenueRecognitionComplete__c
Grouped By ffbc__Company__c      

Currency

CurrencyISO

CurrencyISO

CurrencyISO

CurrencyISO

Salesforce Account   ffbc__Contract__r.ffbc__Account__c   fferpcore__BillingDocument__r.fferpcore__Account__c
Product   ffbc__ProductService__c   fferpcore__ProductService__c
Company   ffbc__Contract__r.ffbc__Company__c   fferpcore__BillingDocument__r.fferprcore_Company__c
Analysis Item 1   ffbc__AnalysisItem1__c   fferpcore__AnalysisItem1__c
Analysis Item 2   ffbc__AnalysisItem2__c   fferpcore__AnalysisItem2__c
Analysis Item 3   ffbc__AnalysisItem3__c   fferpcore__AnalysisItem3__c
Analysis Item 4   ffbc__AnalysisItem4__c   fferpcore__AnalysisItem4__c

Total Revenue

ffbc__TotalContractValue__c ffbc__TotalContractLineValue__c fferpcore__ReportingDocumentTotal__c fferpcore__ReportingNetValue__c

Balance Sheet*

9999

9999

9999

9999

Income Statement*

9000

9000

9000

9000

Revenue Recognized to Date Value

  ffrrRecognizedToDate__c   ffrrRecognizedToDate__c

Fixed IS GLA Code

TRUE

TRUE

TRUE

TRUE

Fixed BS GLA Code

TRUE

TRUE

TRUE

TRUE

*Update these fields to use the correct GLA codes for your business.

Recognition Templates

The following recognition templates are created for use with the line level recognition settings detailed above.

Billing Contract Lines:

  • BC Contract Line Deliverable (End)
  • BC Contract Line Equal Split (Days)
  • BC Contract Line Equal Split (Months)
  • BC Contract Line Equal Split (Month/PP)
  • BC Contract Line Equal Split (Month/PP) With Actual Days

Billing Document Lines:

  • BC Billing Document Line Deliverable (End)