Month-End Revenue Processing

Month-end revenue processing includes creating revenue recognition journal entries to post revenue from revenue plans and making month-end adjustments to deferred revenue. The month-end adjustments to deferred revenue are referred to as reclassification.

Month-end revenue processing requires a user role with the following permissions:

Category	Permission	Minimum Level
Lists	Revenue Recognition Schedules	Edit
Transactions	Make Journal Entry	Create

Category

Permission

Minimum Level

Lists

Revenue Recognition Schedules

Edit

Transactions

Make Journal Entry

Create

You can run the revenue recognition and revenue reclassification processes at any time. However, you should run them at the end of the period. These processes are included in the Period Close Checklist.

Watch the following video to learn how to recognize and reclassify revenue using the Period Close Checklist:

For more information about the Period Close Checklist, see Using the Period Close Checklist.

Always run these processes in order: first revenue recognition and then deferred revenue reclassification.

If you use revenue forecast plans, recalculate your forecast plans after you finish revenue recognition and deferred revenue reclassification for the period.

As the final step in month-end revenue processing, run and save the Deferred Revenue Waterfall report.

For detailed information about these processes, see the following:

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