Managing Accounting for Revenue Plans

Several revenue inquiry and management pages enable you to query on and manage accounting for revenue plans, revenue plan events, and projects that are assigned to revenue plans.

From the Review Revenue - Plans page, you can query all your contracts and review information, such as revenue plan status, the total revenue amount for a revenue plan, and the pending revenue amount for a revenue plan. From this page, you can:

• Navigate to the Revenue Plan page to edit revenue plan events, place or remove a hold on a revenue plan, or cancel a revenue plan.

• Navigate to the Fixed Amount Revenue History page to review the accounting transactions that have been processed for a fixed-fee revenue plan.

• Reverse a plan.

• Set the revenue plan status to Pending or Ready.

Detailed management pages enable you to query the revenue plan events and the projects or activities that are assigned to revenue plans. From these pages, you can review the status of individual events and the revenue already booked for these events. From these pages, you can:

• Navigate to the Revenue Plan page to edit revenue plan events.

• Reverse a revenue plan event on the Review Revenue - Events page.

• Set revenue plan events to Pending or Ready status from the Review Revenue - Events page.

• Initiate a redistribution of the revenue that has been booked for that revenue plan to date.

Additional revenue management pages enable you to reverse amount-based revenue for an entire contract (Contract Reversal page), to redistribute revenue that has been booked for an event (Redistribute Fixed Fee page) or for a project/activity (Redistribute As Incurred page), and to reconcile billing to revenue for rate-based contract lines (value-based and as-incurred billing plans).