Calculate/Confirm Contract Revenues (tsctm4250m000)Use this session to calculate and/or confirm contract revenues. Calculation of contract revenues can be based on one of the following:
The method to be used to calculate the revenue for a contract is specified in the contract itself. Contract revenue can be calculated on the whole contract, or per configuration under the contract. This session also confirms the revenue amount to be recognized. When the contract revenue is in Free status, changes to the amount to be recognized are allowed. Once the contract revenue is confirmed, it means the amount is finalized and is ready to be posted. Therefore, in the Confirmed status you cannot modify any of the attributes of contract revenue.
Revenue Recognition Based on Rate Date The date and time used for selecting the active currency rates for calculating the revenue amount in the home currencies. . By default, this field is set to the current date and time. Note This field is displayed only if the Use Multiple Functional Currencies check box is selected in the Companies (tcemm1170m000) session. Calculate Revenue If this check box is selected, revenue is calculated. Confirm Revenue If this check box is selected, revenue is confirmed. Update Calculated Revenues only If this check box is selected, calculated revenues only are updated. Match Recognized Amount with Invoiced Amount If this check box is selected, the total recognized amount and the total invoiced amount are equal. Revenue Amount for the last revenue period = Total Installment - Sum of revenues for all previous periods Note This field is displayed only if the Use Multiple Functional Currencies check box is cleared in the Companies (tcemm1170m000) session. Process Report Error Report
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