Calculating Maintenance Revenue

Use this procedure to calculate revenue amounts and recognize revenue for product maintenance contracts.

A product must be invoiced before revenue can be recognized.

To calculate maintenance revenue

  1. Access Maintenance Revenue Calculation (BR154).
  2. To calculate revenue amounts for an activity, use the following guidelines to enter field values on the Activity tab.
    Activity Group List, Activity Group, Activities, or Activity List

    Type or select the activity group list, activity group, activities, or activity list to calculate revenue amounts.

    Note: Revenue amounts are calculated for all billable activities included in your selection.
    Update

    Select Yes (Y) to update the activities selected with the maintenance revenue calculations and update the General Ledger. Select No (N) to view a report of the calculations that will be performed when you update. The default is No.

    Thru Date

    Type the as of date to calculate maintenance revenue. All maintenance schedules with a Begin Date on or before this date and Status=3 (Invoiced) will be processed. This defaults to the system date but can be overridden.

    Transaction Date

    Type the date to use as the transaction date for the revenue calculation transactions.

    This date is required if the Thru Date is specified and is not equal to the current system date.

    If specified, the transaction date is used as the effective date when determining the currency exchange rate in multiple currency situations. If this date is not specified and multiple currencies are used, the system date is used to determine the currency exchange rate.

    Posting Date

    Type the date to be used for the posting date for revenue calculation transactions. This date is required if the Thru Date is entered and is not equal to the current system date.

    Summarize Report

    Select Yes (Y) to summarize the maintenance revenue report. Select No (N) to print the report with details. The default is No.