Setting the Optional Accounting Preference for Advanced Revenue Management
To create individual revenue elements for each subscription change order, check the Create Revenue Elements for Subscription Revisions accounting preference. When you check the preference:
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Each subscription revision creates a separate revenue arrangement and corresponding revenue elements.
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All subscription revisions generate modification elements that account for the impact on revenue.
Check this preference to:
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Generate modification elements that meet ASC-606 accounting policies for subscription modifications with allocated revenue
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Prospectively merge the modification elements
You can also retrospectively merge the modification element. For instructions, see Merging to Combine Revenue Arrangements. The Revenue Summary window for revenue arrangements shows merged elements. For more information, see Revenue Summary Details.
This preference doesn't work with custom revenue recognition events.
For more information about revenue recognition, see Revenue Recognition for SuiteBilling.
To set the optional accounting preference for Advanced Revenue Management:
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Go to Setup > Accounting > Accounting Preferences.
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Click the General subtab.
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On the Subscription Management section, check the Create Revenue Elements for Subscription Revisions box.
Warning:After you set this preference, you can't change it.
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Click Save.
When both the Create Delta Charges for Changes to Invoiced Service Periods and Create Revenue Elements for Subscription Revisions preferences are checked, a subscription line may generate many charges and revenue elements due to change orders. When a subscription line creates a new revision, the process of updating revenue elements creates new revenue elements and delta charges. During this process, the links between every charge and revenue elements are rechecked to ensure correct charge amounts. Many revisions to a subscription can slow charge and revenue element generation. If you notice slow performance when both preferences are checked, terminate the subscription and create a new subscription.
For more information, see Revenue Recognition for SuiteBilling.
To learn SuiteBilling change order fundamentals, see SuiteBilling Change Orders.