Setting Up the Revenue Recognition Approval Workflow
Setting Up Employee Records for Approval Routing
You must set up the following requirements on the Employee record of an approver or reviewer:
-
Assign an email address for each reviewer and approver.
-
Designate an approver for each reviewer. To set up an approval hierarchy chain, designate a next approver to each approver in the chain.
-
Set the revenue recognition limit for each reviewer.
-
Set the revenue approval limit for each approver.
To set up employee records for approval routing:
-
Go to Lists > Employees.
-
On the Employees list, click the Edit link for the employee record to be updated.
-
On the Employee page, verify that the email address is current and active.
Note:Notifications for approval requests and the approval status are sent through email.
-
On the Human Resources subtab, click the Revenue Recognition subtab.
-
Select or enter the values in the following fields:
-
Revenue Recognition Approver – Select the designated approver for the employee. If the employee is an approver and is part of the approval hierarchy, assign the next approver in this field.
-
Revenue Recognition Limit – Enter the revenue recognition amount that an employee can cover without requiring approval of the transaction. This limit is used to determine whether or not the arrangement requires initial approval.
-
Revenue Recognition Approval Limit – Enter the maximum revenue recognition amount that enables the approver to approve a transaction. This limit is used for the initial or further approval, if the approver is part of the approval hierarchy.
Note:If a limit field is not defined or left blank, its value is considered as zero.
-
-
Click Save.
Running the Revenue Recognition Approval Workflow
After installing or creating your custom Revenue Recognition Approval Workflow, you have to run it by updating the release status.
To run the Revenue Recognition Approval Workflow:
-
Go to Customization > Scripting > Workflows.
-
On the list of workflows, click the Edit link for Invoice Approval Workflow.
-
On the right navigation pane, click the pencil icon for the Workflow tab.
-
On the Workflow page, select Released in the Release Status field.
-
Click Save.
After running the workflow, when you return to the list of workflows, the release status for Revenue Recognition Approval Workflow should display Released. For more information about running a workflow, see Release Status.