Adding Revenue Allocation Groups
The revenue allocation group value is used in the GroupSum function in fair value formulas. See GroupSum Formulas.
The item record has a field on the Revenue Recognition/Amortization subtab where you can set the default revenue allocation group. For more information, see Item Configuration for Advanced Revenue Management (Essentials) and (Revenue Allocation). The revenue allocation group you select on the item record can be changed on the revenue element in the revenue arrangement.
The values for the revenue allocation group list are derived from an accounting list that you configure during setup.
To add revenue allocation group values:
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Go to Revenue > Setup > Revenue Allocation Groups > New to open the Revenue Allocation Group page.
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Enter a value in the Revenue Allocation Group field. This field allows letters, numbers, and underscore characters only. Do not include spaces or other special characters.
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Click Save or Save & New.