Default Settings for Revenue Contract

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 Revenue Contract object, this table provides suggested default values.

Recommended Defaults for a Revenue Contract Recognition Settings Record
Field Value Notes
Recognition Settings Name Revenue Contract - Manual  
Settings Level Primary  
Object 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__RevenueContract__c  
Display Information ffrr__AccountName__c  
Description ffrr__Description__c  
Start Date ffrr__StartDate__c  
End Date/Deliverable Date ffrr__EndDate__c  
Grouped By ffrr__Company__c  
Total Revenue ffrr__TotalAllocatedRevenue__c  
Total Cost ffrr__TotalCost__c  
Active Field ffrr__Active__c  
Active Value TRUE  
Include Active Value Include  
Document Currency CurrencyIsoCode  
Income Statement GLA   You must supply a value in this field.
Fixed Income Statement   Set to TRUE if you specify a fixed code in the Income Statement GLA field.
Balance Sheet GLA   You must supply a value in this field.
Fixed Balance Sheet   Set to TRUE if you specify a fixed code in the Balance Sheet GLA field.
Income Statement GLA (Cost)   You must supply a value in this field.
Fixed Income Statement (Cost)   Set to TRUE if you specify a fixed code in the Income Statement GLA (Cost) field.
Balance Sheet GLA (Cost)   You must supply a value in this field.
Fixed Balance Sheet (Cost)   Set to TRUE if you specify a fixed code in the Balance Sheet GLA (Cost) field.