Contract Revenues (tsctm4160m000)

Use this session to maintain the contract revenues.

Field Information

Service Contract

service contract

Description

The description of the service contract.

Origin Contract Change

Indicates teh changed number where the configuration line was introduced.

Configuration Line

The line number identifying the configuration for which the total amounts apply.

Installation Group

installation group

Installation Group

The description of an Installation group.

Item

item

Serial Number

serial number

Item Description

The description of the item.

Total Sales Amount

The total sales amount of the configuration.

Total Sales Amount

The total sales amount of the contract.

Invoiced Amount

The amount that the business partner is invoiced for. This is based on the installments posted.

Recognized Amount

he total of the recognized amount for the whole contract.

Contract Effective Date

The date from which the contract is valid.

Expiry Date

The date to which the contract is valid.

Cancel Date

The date on which the contract is canceled.

Total Sales Amount

The total sales amount of the configuration.

Invoiced Amount

Invoiced amount based on the installments invoiced per configuration.

Recognized Amount

Total of the recognized amount per configuration.

Contract Effective Date

The date from which the configuration is valid.

Expiry Date

The date to which the contract is valid.

Planned Period

The period for which the Contract revenue is to be recognized.

Line

The sequence of the revenue line.

This sequence is necessary because one period can have more than one line. This is possible when recognition is done twice in one period.

Calculated Revenue

The Revenues that are calculated by the “Calculate Revenue” process session.

Note: You can modify this field only if the Status of the revenue line is set to Free.

Revenue

The revenue that is slated to be recognized or revenue already recognized (based on the status of the entity).

Actual Cost

The total actual costs incurred till date are listed here. This would give a ready reference of the cost incurred for the contract/configuration until the latest date when the revenue calculation was done.

Posted Fiscal Period

The year in which the actual posting has taken place in Finance. This could be different from the planned fiscal year when service proposes. This is filled when the revenue is recognized and finally posted to GLD

Posted Fiscal Period

The period in which the actual posting has taken place in Finance. This could be different from the planned fiscal period when service proposes. This is filled when the revenue is recognized and finally posted to GLD.

Status

The status of the entity. This can have the values of Free – This is the default and initial status of this entity. The amount to be recognized can be changed or the whole line could be deleted in this status. Confirmed – Once the amount is finalized, the status of the entity can be changed manually to Confirmed. In this status it is not allowed to modify any of the attributes. It is allowed to go back to Free status incase there are any modifications to be done to the entity. Recognized – Once the revenue is recognized, the status of the entity changes to Recognized. Once this is done there is no way the amounts can be changed. Incase for a period there is already some amount recognized and it is found later that the recognized amount is to be changed then we need to create another line for the same period and the recognition once again.Posted – Line is posted by ERP Financials.

Note:

You cannot set this field to Confirmed if:

the Use Multiple Functional Currencies check box is not selected in the Companies (tcemm1170m000) session and
the Amount in Home Currency is not specified.

Creation Date

The date on which the “Calculate Revenue” is last run for this contract. For manually inserted line, this would be the date on which the record was inserted.

Confirm Date

The date on which the Revenue to be recognized is Confirmed.

Confirmed by User

The user who confirms the revenue to be recognized.

Recognition Date

The date on which the Revenue to be recognized is actually recognized.

Recognized by User

The user who recognizes the revenue to be recognized.

Number of Days Recognized

The number of days for which the recognition is already done. This would have the number of days since the beginning of the contract to the last “Calculate Revenue” run.

Earned Revenue Factor

When the Revenue Recognition method is either Earned Revenue Factor (Cost per Period) or Earned Revenue Factor (Cumulative Cost), the calculated Earned Revenue Factor (ERF) for the contract is displayed here.

For every contract change this field is updated, which allows for easy tracking of the ERF changes. The ERF is used for calculating the recognition amount. This value is used only if the Recognize Revenue per Configuration check box is cleared at the configuration.

Provision %

This is a percentage value by which a portion of the total contract amount can be kept without recognizing till the end of the period. When the period is over the provision amount can be recognized.

Amount in Home Currency

The amount for the specific revenue period expressed in home currency of the financial company linked to the service office of the contract.

Note:

This field is displayed only if the Use Multiple Functional Currencies check box is selected in the Companies (tcemm1170m000) session.
Infor LN updates this value when the value in the Revenue field is modified.
This amount must be a positive or a negative value.

Rate/Rate Factor

The currency rate specified for the home currency and the contract currency.

Note:

This field is displayed only if the Use Multiple Functional Currencies check box is selected in the Companies (tcemm1170m000) session.

Rate Factors for Home Currencies

The rate factor specified for the home currency and the contract currency.

Note:

This field is displayed only if the Use Multiple Functional Currencies check box is selected in the Companies (tcemm1170m000) session.

Rate Date

The date and time when the currency rate is valid.

Note:

This field is displayed only if the Use Multiple Functional Currencies check box is selected in the Companies (tcemm1170m000) session.

Rate Origin

The origin of the home currency rate.

Allowed values

Currency Rates: This value is selected when the rate for the home currency originates from the Currency Rates table.
Calculated: This value is selected when the revenue is consumed/allocated for multiple installments when the currency rates are different.
Manual: This value is selected when the home currency rates are manually specified.
Not Applicable: This value is selected when the Use Multiple Functional Currencies check box is cleared in the Companies (tcemm1170m000) session.

Note: This field is displayed only if the Use Multiple Functional Currencies check box is selected in the Companies (tcemm1170m000) session.