Deltek Vantagepoint Help

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Enable and Set Up Revenue Generation

When you enable revenue generation, Vantagepoint recognizes project revenue when the revenue generation process is run. If revenue generation is not enabled, Vantagepoint recognizes project revenue when invoices are posted.

If you use multiple companies, you enable and set up revenue generation options individually for each company in your enterprise. For each company, you choose the revenue methods, upset limits, revenue groups, and revenue categories that are most suitable for that company. You run revenue generation separately for each company in your enterprise.

To enable and set up revenue generation:

  1. In the Navigation pane, select Settings > Accounting > Revenue.
  2. To turn on revenue generation and the associated features and options, set Enable Revenue Generation Feature to Yes.
  3. To enable Revenue Categories, set Enable Revenue Categories to Yes.
    This enables the Revenue Categories section (with a revenue method field for each revenue category) on this form. For each revenue category, you can enter an unbilled services account and an uninvoiced revenue account.
  4. To enable revenue groups and the Overall Revenue Calculation feature, set Enable Additional Revenue Calculations at Project and Group Levels to Yes.
    This option only displays after you select Enable Revenue Categories.
  5. You can track either one or multiple unbilled services and uninvoiced revenue accounts:
    • To track only one unbilled services account and one uninvoiced revenue account, enter those accounts in the Unbilled Services and Uninvoiced Revenue fields.
    • To use the Revenue Categories feature to track multiple unbilled services and uninvoiced revenue accounts, use the Enable Tracking for This Many Revenue Categories list and select the number of unbilled and uninvoiced accounts to track. You can select a maximum of 5.

      An Unbillied Services and Uninvoiced Revenue field displays for each of the revenue categories that is selected. For example, if you select 4 as the number of categories from the list, then four Unbillied Services and four Uninvoiced Revenue fields display.

  6. If Enable Fee Entry by Billing Category is selected In the Fee Invoice Posting section of the Fee settings form in Settings > Billing > Fee, you can also enter a Fee Invoice Billed account for each revenue category. This is the revenue account to which you want to post fee billed revenue for that revenue category.
After you enable Revenue Generation, you must complete additional Revenue Generation setup steps. At this point, you should not make journal entries to any Revenue or Unbilled Services account. When you run revenue generation, Vantagepoint excludes projects whose revenue method is N.