Reviewing Revenue
This section provides an overview of reviewing revenue, lists common elements and discusses how to review As-Incurred revenue plans and inquire on rate-based accounting journal entries.
|
Page Name |
Definition Name |
Usage |
|---|---|---|
|
CA_AP_DTL_ASIN |
Inquire on the details for revenue plans with an as-incurred revenue recognition method. From this page, you can review the details of booked revenue and redistribute that revenue. |
|
|
CA_ACCT_RATE_JRNL |
Inquire on the accounting entries for rate-based contract lines and rate-based contract lines associated with fee types (cost-plus), after you run the rate-based revenue process (Accounting Rules Engine) and your accounting entries are processed by the Journal Generator Update process and posted to the general ledger. |
PeopleSoft Contracts provides a number of online inquiry pages that enable you to effectively manage revenue recognition for all of your contracts. Using these pages you can view and manage the revenue plans, events, and projects assigned to your contract lines from a high level, or you can drill down into a more detailed view using links and additional inquiry pages to adjust or update a specific revenue recognition plan.
PeopleSoft Contracts provides the following revenue inquiry options:
Review Revenue-Plans page.
Use this page to view the revenue plans assigned to your contract lines, view processed and pending revenue amounts for each revenue plan, or redistribute revenue for a selected revenue plan.
Review Revenue-Events page.
Use this page to view the specific events defined for your revenue plans and place specific events on hold.
Review Revenue-As Incurred page.
Use this page to view the details of booked revenue and redistribute that revenue.
Contract Reversal page.
Use this page to reverse revenue and billing for an entire contract.
Field or Control |
Description |
|---|---|
Contract |
Enter the contract number to filter your search results to display only as-incurred revenue plans associated with the contract selected. |
Contract Classification |
Select to filter the search results by the contract classification assigned to the contract. To search for billing plans that are only attached to government contracts, select the contract classification of Government. |
Fee Type |
Select to filter the search results by the fee type assigned to the rate-based contract lines on a contract. Values include None, Fixed Fee, Award Fee, Incentive Fee and Other Fee. |
GL Business Unit (PeopleSoft General Ledger business unit) |
Select to filter the search results by the general ledger business unit associated with the Contract business unit assigned to your contracts. |
PC Business Unit (PeopleSoft Project Costing business unit) |
Select to filter the search results by the PeopleSoft Project Costing business unit assigned to the rate-based contract lines on your contracts. |
Revenue Plan |
Select to filter the search results by a specific revenue plan identifier for a contract. To use this field you must first select a contract identifier. |
Use the Review Revenue-As Incurred page (CA_AP_DTL_ASIN) to inquire on the details for revenue plans with an as-incurred revenue recognition method.
From this page, you can review the details of booked revenue and redistribute that revenue.
Navigation:
Click the Method link for a specific as-incurred revenue plan on the Review Revenue - Plans page.
This example illustrates the fields and controls on the Review Revenue - As Incurred page. You can find definitions for the fields and controls later on this page.
Search Criteria
Use the fields in the Search Criteria group box to filter search results by entering specific values in these fields. If you leave all of the fields blank, the search returns all as-incurred revenue plans for all Active contracts within your system. Click the Search button to carry out a search based on the search criteria that you enter. Search results appear in the Details scroll area. Amounts appear in the contract currency.
Details: General Tab
Field or Control |
Description |
|---|---|
Select |
Select this check box to redistribute the rate-based contract line revenue booked for a transaction row. |
PC Business Unit |
Displays the PeopleSoft Project Costing business unit associated with the contract line. |
Project |
Displays the project identifier associated with the revenue processed for the contract line. |
Activity |
Displays the activity identifier associated with the revenue processed for the contract line. Contract lines are linked to projects at the activity level–directly or indirectly. Each activity ID can be associated with only one rate-based contract line. |
Transaction ID |
Displays the transaction identifier associated with the revenue processed for the contract line. |
Accounting Date |
Displays the accounting date, which reflects the accounting period in which entries were booked for the contract line. |
Amount |
Displays the amount of revenue recognized for this row. |
Redistribute |
Click this button to redistribute the revenue for the rows that you selected on the General tab of the Detail scroll area. |
Review Revenue – As Incurred: Contract Tab
Select the Review Revenue – As Incurred: Contract tab (Customer Contracts, Review Revenue, As Incurred, Review Revenue-As Incurred. Select the Contract tab).
This example illustrates the fields and controls on the Review Revenue – As Incurred: Contract tab. You can find definitions for the fields and controls later on this page.
Field or Control |
Description |
|---|---|
Contract Line Num (contract line number) |
Displays the contract line associated with the revenue plan for this project and activity ID combination. Each project is linked to a contract line, and each contract line is assigned to a revenue plan. |
Distribution Type |
Displays the distribution type associated with the accounting entry. Each accounting entry is distinguished by distribution type. Examples include revenue and Contract Asset. |
PostSeq# (posting sequence number) |
Displays the posting sequence number associated with the accounting entry. When you have multiple accounting entries for the same contract line, revenue recognition event, and distribution type, such as when you split revenue across departments, the system uses a posting sequence number to make them unique. |
Reversing Entry |
Indicates if this entry was redistributed. |
Use the As Incurred Accounting Lines page (CA_ACCT_RATE_JRNL) to inquire on the accounting entries for rate-based contract lines and rate-based contract lines associated with fee types (cost-plus), after you run the rate-based revenue process (Accounting Rules Engine) and your accounting entries are processed by the Journal Generator Update process and posted to the general ledger.
Navigation:
This example illustrates the fields and controls on the As Incurred Journal Accounting Lines page. You can find definitions for the fields and controls later on this page.
To view the data on this page, the contract accounting entries for your rate-based contract lines must be successfully posted to the general ledger by the Journal Generator process.
Field or Control |
Description |
|---|---|
GL Journal |
Click to access the journal for this accounting line. |
Journal ID |
Displays the PeopleSoft General Ledger journal identifier assigned by the Journal Generator process when booking the revenue row to the general ledger. |
Journal Date |
Displays the date that the journal entry was booked to the general ledger. |
Project |
Displays the project identifier associated with the revenue row booked to the general ledger. |
Activity |
Displays the activity identifier associated with the revenue row booked to the general ledger. |
Transaction ID |
Displays the transaction identifier associated with the revenue row generated for the contract line. |
Amount |
Displays the amount of revenue recognized for this journal entry. |
Fiscal Year |
Displays the fiscal year associated with a revenue budget. |
Distribution Status |
Displays the distribution status for the journal entry. |
Account |
Displays the account code of the account assigned to the journal entry. Account codes classify the nature of a transaction. |
Alt Account (Alternate Account) |
Displays the alternate account assigned to the journal entry. Alternate accounts classify the nature of a transaction for regulatory authorities and are used for statutory accounting. |
Oper Unit (Operating Unit) |
Displays the operating unit assigned to the journal entry. Use operating units to indicate a location. |
Fund |
Displays the fund code assigned to the journal entry. Fund codes are the primary structural units of Education and Government accounting. |
Dept (Department) |
Displays the department ChartField code assigned to the journal entry. Departments are used to track information according to a divisional breakdown of your organization. Use department ChartFields to indicate who is responsible for or affected by a transaction. |
Program |
Displays the program ChartField code assigned to the journal entry. Program codes track revenue and expenditures for programs within or across your organizations. Use program ChartFields to identify groups of related activities, cost centers, revenue centers, responsibility centers and academic programs. |
Class |
Displays the class ChartField code assigned to the journal entry. Use class ChartFields to identify specific appropriations. |
Bud Ref (Budget Reference) |
Displays the budget reference ChartField code associated to the journal entry. Use budget references to identify unique budgets when individual budgets share budget keys and overlapping budget periods. |
Product |
Displays the product ChartField code associated to the journal entry. The product ChartField captures additional information useful for profitability and cash flow analysis by product sold or manufactured. |
Affiliate |
Displays the affiliate ChartField code associated with the journal entry. Use affiliate codes to map transactions between business units when using a single interunit account. |
Fund Affil (Fund Affiliate) |
Displays the fund affiliate ChartField code associated with the journal entry. Use fund affiliate codes to correlate transactions between funds when using a single intraunit account. |
Oper Unit Affil (Operating Unit Affiliate) |
Displays the operating unit affiliate code associated with the journal entry. Use operating unit affiliates to correlate transactions between operating units when using a single intraunit account. |
Use the Review Product Sales page (CA_RVW_PRD_SLS_PNL) to review the pricing details of products.
This page can be accessed via the Related Actions menu for each contract line. For amount, rate, and recurring contract lines the Current Revenue Price Per Unit displayed in the search result is the price calculated by the Enterprise Pricer or Order Management as per the pricing rules for the transaction code RP. For percent based lines as there is no Unit of Measure since their price is based on other contract lines, the Current Revenue Price Per Unit will be same as the Unit Revenue price.
Navigation:
. Select Review Product Sales from the Related Actions menu for the contract line.
. Select Review Product Sales from the Related Actions menu for the contract line.
. Select Review Product Sales from the Related Actions menu for the contract line.
The review of product sales for government contracts is the same as that used for standard contracts. See Review Product Sales Page and Load Current Revenue Price Page.