Rev Rec Start and End Date Fields with Advanced Revenue Management (Essentials)
The familiar Rev. Rec. Start Date and Rev. Rec. End Date fields on sales transaction lines are included when you enable the Advanced Revenue Management (Essentials) feature after using the Revenue Recognition feature. These fields are not required for Advanced Revenue Management (Essentials) and can be hidden on the sales transactions during implementation. Both Revenue Recognition and Advanced Revenue Management (Essentials) must be enabled to display these fields.
The following transaction types include these fields by default:
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Sales order
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Return authorization
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Invoice
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Credit memo
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Cash sale
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Cash refund
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Journal entry (including intercompany, advanced intercompany, and book specific journal entries)
If you enter dates in the Rev. Rec. Start Date and Rev. Rec. End Date fields on the transaction before revenue elements are created, the dates are copied to the revenue element in the following fields:
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Start Date
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End Date
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Forecast Start Date
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Forecast End Date
Changes to the start and end dates on the sales transactions after revenue elements are created do not affect the revenue elements. Changes to the start and end dates on the revenue elements can be made by editing the revenue arrangements. For information about the revenue element fields that can be edited, see Revenue Element Field Reference.
Revenue plan creation uses dates from the revenue element only when revenue recognition rule uses revenue element dates as the start and end date sources. Consequently, the start and end dates in the revenue element may not be the same as those in the revenue plans.
To ensure the dates on your transaction lines are used in revenue plans, use revenue rules that refer to the revenue element dates. The start date source should be Revenue Element Start Date, and the end date source should be Revenue Element End Date. For more information, see Revenue Recognition Rules and Revenue Recognition Rule Field Reference.