Revenue Recognition Schedule

When the "Custom Schedule" option is selected in the Revenue Recognition Method area, additional controls become available to define a schedule of dates and amounts.  This lower section of the screen must be populated in order to save the entire fixed price item entry.  

The Billing Manager can specify a type of period, number of periods, day within the period and provide a starting period and click on the blue arrow to generate revenue recognition entries.  This step can be repeated and the results can be further manipulated within this edit session, but must be finalized in order to save the entire fixed price item entry.  This lower section of the screen is a wizard of sorts that is available to help you generate your schedule or you can manually enter individual items providing whatever dates and amounts meet your needs.

When entering a recognition schedule, the total of all amounts must match the fixed price item amount and you cannot repeat a date.

Editing an Existing Entry

When editing an existing fixed price item, if any of the revenue recognition schedule entries have been involved in a posting process, you can no longer use the utility to completely regenerate a new schedule, however, you can continue to modify, add and remove unposted entries so long as the total of the revenue recognition amounts continues to match the fixed price item total.