Editing Revenue Recognition Plans

Advanced Revenue Management (Essentials) offers several approaches to editing revenue recognition plans. You can edit one revenue plan at a time or multiple plans.

To edit one revenue plan at a time, go to Revenue > Revenue Recognition Plans > View Revenue Plans. Then, click the Edit link for the plan you want to update.

Two options are provided for editing multiple plans. You can select different values for various fields on multiple individual revenue plans at the same time on the same page. Or you can set the same values for multiple fields across multiple plans and edit the plans in bulk. For instructions for editing multiple plans, see the following topics:

Although you can edit forecast revenue plans, the changes are not carried over to actual revenue plans. Forecast plans do not include the Hold Revenue Recognition box and Catch Up Period field. Forecast plans include a Reforecast Method field that is not included in actual revenue plans.

The changes you make on a revenue plan are not reflected in the related revenue element. A revenue element can have multiple plans.

You can edit the following fields in the header of revenue plans:

Field	Description
Revenue Recognition Rule	If the revenue plan has not yet started, you can edit this field. Changing the revenue recognition rule does not affect the revenue recognition start and end dates.
Rev Rec Start Date	You can edit this field only if no revenue has been recognized on the revenue plan.
Rev Rec End Date	You can edit this field after revenue has begun to be recognized on the plan. The new end date must be after the beginning of the first planned period without recognized revenue. When the date changes, the End Date Change Impact field of the revenue recognition rule determines how the plan is adjusted. For more information, see Rev Rec End Date Sources and End Date Change Impact.
Hold Revenue Recognition	Actual plans only. Check this box to place the revenue plan on hold. When you check this box, the plan status changes to On Hold. Revenue recognition journal entries cannot be generated for any period in the plan, including the current period if its revenue has not already been recognized. Clear the box to resume recognizing revenue. Revenue that was not recognized while the plan was on hold is recognized in the period set in the Catch Up Period field.
Catch Up Period	Actual plans only. This field is used only when the check is cleared from the Hold Revenue Recognition box. When the hold is removed, the catch up period defaults according to the option selected in the accounting preference Default Catch Up Period. You can change the catch up period to any open period. The planned revenue is updated only when the hold is released. Only those periods prior to the catch up period are updated. Periods that are locked for A/R as part of the period close checklist are generally not available to select as catch up periods. Those with the Administrator role or a custom role with the Override Period Restrictions permission may select periods that are locked.
Comments	Include brief comments about the revenue plan here.
Reforecast Method	Forecast plans only. If you change the selected option, the new method is used the next time you recalculate revenue forecast plans. For a description of the available options, see Reforecast Method. For information about recalculating forecast plans, see Recalculating Revenue Forecast Plans.
Recalculation Adjustment Period Offset	Forecast plans only. You can edit this field only when the Reforecast Method is Manual. Then this field is required, and the value must be positive.

Field

Description

Revenue Recognition Rule

If the revenue plan has not yet started, you can edit this field. Changing the revenue recognition rule does not affect the revenue recognition start and end dates.

Rev Rec Start Date

You can edit this field only if no revenue has been recognized on the revenue plan.

Rev Rec End Date

You can edit this field after revenue has begun to be recognized on the plan. The new end date must be after the beginning of the first planned period without recognized revenue. When the date changes, the End Date Change Impact field of the revenue recognition rule determines how the plan is adjusted. For more information, see Rev Rec End Date Sources and End Date Change Impact.

Hold Revenue Recognition

Actual plans only.

Check this box to place the revenue plan on hold. When you check this box, the plan status changes to On Hold. Revenue recognition journal entries cannot be generated for any period in the plan, including the current period if its revenue has not already been recognized.

Clear the box to resume recognizing revenue. Revenue that was not recognized while the plan was on hold is recognized in the period set in the Catch Up Period field.

Catch Up Period

Actual plans only.

This field is used only when the check is cleared from the Hold Revenue Recognition box. When the hold is removed, the catch up period defaults according to the option selected in the accounting preference Default Catch Up Period. You can change the catch up period to any open period. The planned revenue is updated only when the hold is released. Only those periods prior to the catch up period are updated.

Periods that are locked for A/R as part of the period close checklist are generally not available to select as catch up periods. Those with the Administrator role or a custom role with the Override Period Restrictions permission may select periods that are locked.

Comments

Include brief comments about the revenue plan here.

Reforecast Method

Forecast plans only.

If you change the selected option, the new method is used the next time you recalculate revenue forecast plans. For a description of the available options, see Reforecast Method. For information about recalculating forecast plans, see Recalculating Revenue Forecast Plans.

Recalculation Adjustment Period Offset

Forecast plans only.

You can edit this field only when the Reforecast Method is Manual. Then this field is required, and the value must be positive.

In the Planned Revenue subtab, you can make the following changes for lines that have not yet been recognized:

Field	Description
Planned Period	Periods that are locked for A/R are generally not available to select as planned periods. Those with the Administrator role or a custom role with the Override Period Restrictions permission may select periods that are locked.
Amount	The total of the Amount lines in the Planned Revenue subtab must equal the Amount in the revenue plan header. If you are using percent-complete revenue recognition, your manual changes may be overwritten by the project planned time entries and project Percent Complete Override subtab. For more information, see Advanced Revenue Management (Essentials) for Projects.
Is Recognized	Check this box only when the revenue has been recognized by a manual journal entry outside the revenue recognition journal entry process. Checking the box does not make the revenue plan eligible for update. The source from which the revenue element is created cannot be deleted when this box is checked.
Period Comments	This field appears on actual revenue plans only and can be edited even after revenue has been recognized for the line. The maximum comment length is 200 characters. When changes in the revenue plan header cause unrecognized lines to be recreated, this field is cleared. If the field is cleared, its contents are available in the Previous Revenue Plans subtab.

Field

Description

Planned Period

Periods that are locked for A/R are generally not available to select as planned periods. Those with the Administrator role or a custom role with the Override Period Restrictions permission may select periods that are locked.

Amount

The total of the Amount lines in the Planned Revenue subtab must equal the Amount in the revenue plan header.

If you are using percent-complete revenue recognition, your manual changes may be overwritten by the project planned time entries and project Percent Complete Override subtab. For more information, see Advanced Revenue Management (Essentials) for Projects.

Is Recognized

Check this box only when the revenue has been recognized by a manual journal entry outside the revenue recognition journal entry process. Checking the box does not make the revenue plan eligible for update.

The source from which the revenue element is created cannot be deleted when this box is checked.

Period Comments

This field appears on actual revenue plans only and can be edited even after revenue has been recognized for the line. The maximum comment length is 200 characters.

When changes in the revenue plan header cause unrecognized lines to be recreated, this field is cleared. If the field is cleared, its contents are available in the Previous Revenue Plans subtab.

You can also can also add and remove lines from the Planned Revenue subtab. The resulting total of the amount lines must equal the amount in the plan header.

When the accounting preference Enable Advanced Cost Amortization is checked, a subtab is added called Cost Amortization Plan. For information about that subtab, see Cost Amortization Plans.

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