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
1	To enable Revenue Generation, click the Enable Revenue Generation Feature check box on the Revenue tab in Configuration > Accounting > Company Settings.
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: None of the Vision standard revenue methods calculates revenue that matches your company's contract terms. You select to track multiple unbilled services and uninvoiced revenue accounts with revenue categories. You must create a user-defined revenue method for each revenue category. You cannot use standard revenue methods with revenue categories.
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.