Updating Revenue with Revenue Realization

If you have edited an invoice using Invoice Edit (BR20.x) and have run Invoice Print and Interface (BR121) in the update mode, you must run Revenue Realization (BR131) to make the corresponding revenue adjustments. Revenue Realization (BR131) looks at all the adjustments that were made to the invoice revenue amounts and updates the revenue realization entries. The updates are made at the same level at which the adjustments were made on the invoice.

Revenue Realization (BR131) also lets you post invoice related revenue adjustments to a different Activity, Account Category, Company, Accounting Unit, and Revenue Account, instead of the original defaults that were used when originally recognizing revenue using Full Accrual and Cost Plus revenue recognition methods. The setup for these options is done on Contract Parameters (BR10.1) on the adjustments tab. Defining contract parameters or Editing an invoice.

Note: If Revenue Realization (BR131) is run before Revenue Calculation (BR130), you could end up with more or less revenue than you are anticipating. For example, if you were to write down the revenue and run Revenue Realization (BR131) without running Revenue Calculation (BR130) first, you may end up with negative revenue for a month.

Before you run Revenue Realization (BR131), you must have run Invoice Print and Interface (BR121) in the update mode.

To update Revenue with Revenue Realization

  1. Access Revenue Realization (BR131).
  2. To define the parameters of Revenue Realization, use the following guidelines to enter field values on the Activity tab.
    Activity Group List, Activity Group, Activities, or Activity List

    Select the activities for which you want revenue realization to calculate adjustments and make appropriate realization entries. You can select by activity group list, activity group, activity, or activity list.

    Update

    Select Yes to run revenue realization in update mode and display a report of the records updated. Select No if you want to review revenue realization adjustments on a report before updating. The default is No.

  3. To define additional parameters for Revenue Realization, use the following guidelines to enter field values on the Other Options tab.
    Company Group or Company

    Type or select the company group or company for which you are realizing revenue. The combination of company and customer is used to select the transactions included in the invoices for revenue realization.

    Customer

    Type or select the AC or AR customer for which you are realizing revenue. The combination of company and customer is used to select the transactions to include in the invoice for revenue realization.

    Invoice Range

    Type or select a prefix and invoice beginning and end for a range of invoices to be considered by Revenue Realization.

    Invoice Date Range

    Type or select the beginning and ending invoice dates to include for revenue realization.

    Posting Date Range

    Type or select the beginning and ending posting dates to include for revenue realization.

    Posting Date

    Type or select a valid date, based on the activity and activity group dates, that you want the revenue realization adjustments posted.

    Transaction Date

    Type or select the date to use as the transaction date for the revenue realization transactions. 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.

Related Reports and Inquiries

To Use
Print a report of revenue recognition history Revenue History (BR430)