Checklist: Setting Up Revenue Generation
If you are new to Vision, 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, click the Enable Revenue Generation Feature check box on the Revenue tab 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, Deltek recommends that you 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 Budget & Revenue tab of the Project Info Center 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 Budget & Revenue tab. |
6 | Set up overall revenue upset limits and overall additional revenue calculations for individual projects on the Budget & Revenue tab in the Project Info Center. 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. |