Setup for Advanced Revenue Management (Essentials)

The Accounting Periods feature must be enabled as a prerequisite for Advanced Revenue Management (Essentials). Be sure to set up your accounting periods before you start updating revenue arrangements and plans. For more information, see Accounting Period Management.

Important:

If you currently use the classic Revenue Recognition features, contact your sales or account representative to find out how to get Advanced Revenue Management (Essentials). The assistance of NetSuite Professional Services or a qualified NetSuite partner is required to move from classic Revenue Recognition to Advanced Revenue Management (Essentials).

See the following topics to set up the Advanced Revenue Management (Essentials) feature.

• Enabling the Advanced Revenue Management (Essentials) Feature

• Mapping Revenue Recognition Fields

• Setting Advanced Revenue Management (Essentials) Preferences

• Creating a Custom Revenue Recognition Event

• Revenue Arrangement Approval Routing

As part of the setup, you can also create custom revenue recognition events. For more information, see Creating a Custom Revenue Recognition Event.

Related Topics

• Advanced Revenue Management (Essentials) and (Revenue Allocation)
• Setup for Advanced Revenue Management (Revenue Allocation)
• Transition to the New Revenue Recognition Standard
• Revenue Recognition and Advanced Revenue Management (Essentials)
• Revenue Management Roles and Permissions
• Revenue Recognition Rules
• Item Configuration for Advanced Revenue Management (Essentials) and (Revenue Allocation)
• Revenue Arrangement Management
• Revenue Recognition Plans
• Advanced Revenue Management (Revenue Allocation)
• Advanced Revenue Management (Essentials) for Projects
• Advanced Revenue Management and Multi-Book Accounting
• Month-End Revenue Processing
• Reports for Advanced Revenue Management

General Notices