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            Set Up a Manual Revenue Recognition Rule

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            Set Up a Manual Revenue Recognition Rule

            Create a revenue recognition rule you can use to manually create revenue schedules and revenue transactions for each invoice line. (Salesforce Billing Managed Package)

            Required Editions

            Available in: All Salesforce Billing Editions
            1. Create your revenue recognition rule.
              1. From the revenue recognition rule object, click New.
              2. Give your revenue recognition rule a name, ideally something simple and descriptive such as Ratable Daily Proration.
              3. Select Active.
            2. On your rule, create a revenue recognition treatment.
              1. Select New Revenue Recognition Treatment.
              2. Give your treatment a name, such as Manual Recognition Treatment
                .
              3. Select Order Activation as the revenue schedule creation action.
              4. Set the processing order to 1.
              5. Select Percentage as the type, and set the percentage to 100.
              6. Select Transaction Amount as the revenue schedule amount.
              7. Select Manual Distribution Method as the revenue distribution method.
              8. Set your revenue legal entity, revenue GL rule, and revenue finance book based on your business needs.
            3. Create your revenue distribution method.
              1. From the revenue distribution method object, click New.
              2. Give your method a name.
                , such as Manual.Distribution.Method
              3. Select Number of Days as the monthly recognition proration.
              4. Select Order as the type.
              5. Select Daily, Monthly, or Full Recognition as the distribution method.
              6. Select Active.
              7. If the distribution method is Daily or Monthly, set the revenue schedule term start and end dates to Manual, and leave the full recognition date set to None. If the distribution method is Full Recognition, set the full recognition date to Manual and set the revenue schedule term start and end dates as None.

            After you activate the order product, a revenue schedule is generated and linked to the order product. You can then create revenue transactions manually on the revenue schedule.

            When you activate an order, all order products are activated. You can also activate the order products individually. If, in step 2b above, you set the revenue schedule creation action to Invoice Posting, the revenue schedule is generated and linked to the invoice line when the invoice is posted. Posting an invoice posts all invoice lines, but invoice lines can’t be posted individually.

             
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