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  5. Revenue Recognition Template

Revenue Recognition Template

A revenue recognition template indicates how revenue from associated items should be posted. For each template: you can select from a choice of standard terms or define your own custom terms, set the time period over which recognition occurs, define an offset to delay the start of recognition, and set up an initial amount to be recognized. This record is available when the Revenue Recognition feature is enabled. For more information, see Creating Revenue Recognition Templates.

A revenue recognition schedule is generated for each sales transaction item that has an associated revenue recognition template is saved. See Payroll Item.

The revenue recognition template record is defined in the listAcct (accounting) XSD.

Note:

To recognize revenue for the sale of an item, you must associate a deferred revenue account with that item on its item record. You can set a revenue recognition template on an item record; this template becomes the default for all sales of the item. You also can associate a revenue recognition template with an item on the item line of a transaction record, to apply only to that specific item sale. For more information, see Associating Revenue Recognition Templates with Items.

Supported Operations

The following operations can be used with the revenue recognition template record.

add | addList | delete | deleteList | get | getList | getSavedSearch | getSelectValue | search | update | updateList | upsert | upsertList

Note:

You can also use the asynchronous equivalents of SOAP web services list operations. For information about asynchronous operations, see SOAP Web Services Asynchronous Operations. For more information about request processing, see Synchronous Versus Asynchronous Request Processing.

Field Definitions

The SOAP Schema Browser includes definitions for all body fields, sublist fields, search filters, and search joins available to this record. For details, see the SOAP Schema Browser’s revenue recognition template reference page.

Note:

For information on using the SOAP Schema Browser, see SOAP Schema Browser.

Related Topics

General Notices