Changing Accounting Distributions for Amount-based Contract Lines

PeopleSoft Contracts enables you to modify the accounting distribution of a contract line for future revenue recognition that you book against the contract line. You do this on the Accounting Distribution page, which stores accounting distributions for fixed-amount contract lines. The Accounting Distribution page is effective-dated; when you run the Amount-based Revenue process for any contract lines included in the process, the process uses the current accounting distributions before the event accounting date being processed to create revenue entries. Thus, if the effective-dated accounting distributions are 01-01-01 and 03-01-01, and the revenue plan event has an accounting date of 02-15-01, then the system uses the accounting distribution effective 01-01-01. The Accounting Distribution page also stores contract liability and contract asset accounting information for the fixed-amount contract lines. To ensure that the accounting remains consistent for the entire revenue recognition and billing cycle, do not change the contract liability and contract asset accounting information after you have set the contract processing status to Active.