Accounting Distributions

The accounting distribution entries made by PeopleSoft Contracts depend upon several factors. This table shows the type of accounting distribution setup that is required based upon the product that is managing revenue, whether or not you are booking entries to contract liability, and the contract line's pricing type:

Product That Manages Revenue	Contract Liability Enabled	Contract Line Pricing Type	Required Distribution Types
PeopleSoft Contracts	Yes	Amount, Percent	Revenue, contract liability, contract asset
PeopleSoft Contracts	No	Amount, Percent	Revenue, Contract Asset
PeopleSoft Contracts	No	Rate	Contract Asset (only if assigned to a value-based billing plan)
PeopleSoft Billing	No	Amount, Percent, Recurring	Revenue
PeopleSoft Billing	Yes	Recurring	Revenue, contract liability

Note:

PeopleSoft Billing can manage revenue for fixed-amount and recurring contract lines only. When PeopleSoft Billing manages revenue for fixed-amount contract lines, PeopleSoft Contracts does not support booking to contract liability. Billing Manages Revenue is the only available revenue recognition method for recurring contract lines.

This section discusses:

• Fixed-amount contract lines.

• Rate-based contract lines.

• Recurring contract lines.