Revenue Generation Setup Checklist
You may find it helpful to review a list of the general steps that you complete to set up revenue generation.
Step | Description |
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1 | To enable Revenue Generation, set the Enable Revenue Generation Feature option to Yes in . |
2 | Enable and set up revenue categories if you want to track multiple unbilled services and uninvoiced revenue accounts. |
3 | Create user-defined revenue methods if:
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4 | After you decide which revenue methods to use, you should prove out each revenue method on a few projects before you assign the method to all of your projects. |
5 | Assign a revenue method for each project for which you want to accrue revenue.
On the Accounting tab of the Projects form in the Projects hub, at the lowest chargeable level for each project, enter the revenue method. If you enabled the Revenue Categories feature, enter a revenue method for each revenue category on the Accounting tab. |
6 | Set up overall revenue upset limits and overall additional revenue calculations for individual projects on the Accounting tab of the Projects form in the Projects hub. These are optional. |
7 | Enable and set up revenue groups if you have projects that are part of a group or contract, and you want to recognize revenue at the overall group (contract) level rather than as the sum of its projects. |
Parent Topic: Revenue Settings