Changing Accounting Distributions for Rate-based Contract Lines

For rate-based contract lines (except those attached to billing plans with value-based billing methods), change the accounting distributions on the Accounting Rules page. The Accounting Rules page is not effective-dated. Therefore, any changes that you make affect the revenue and billing accounting entries for transactions without regard to the transaction date. To ensure that the accounting remains consistent for the entire revenue recognition and billing cycle, do not change the contract asset accounting information after you begin processing transactions.

Note:

You can set up additional rules for a specific contract, project and activity, and project ChartField combination if you want to change accounting for a particular set of transactions.

Note:

For rate-based contract lines tied to billing plans with value-based billing methods, set up your contract asset on the Accounting Distribution page.