Prerequisites

To setup the deferred revenue recognition feature, you need to do the following:

• Define the required deferred revenue recognition templates in the system.

• Define the required characteristic types where the characteristic entity is set to Deferred Revenue Recognition.

• Define the values for the following parameters in the C1-REVRECITM algorithm:

  • Use Calendar or Business Days (C or B)

  • Override Default Recognition Date (Y or N)

  • Override Default Weekly Recognition Day (Mon, Tue, Wed, Thu, Fri, Sat, Sun)

  • Override Default Monthly Recognition Date (1-31)

• Define the value for the Use Contract Expiration Date (Y or N) parameter in the C1-REVRECSCH algorithm.

• Define the value for the Create Adjustments (Y or N) parameter in the C1-REVITMREC algorithm.

• Set the batch control type of the Deferred Revenue Recognition Periodic Monitor (C1-RRSMO) batch to Timed and define the following attributes:

  • Time Interval

  • Timer Active

  • User ID

  • Batch Language

  • Email Address