Report Planned Revenue

Explanation

Use this activity to report planned revenues on sales contract revisions to project revenue activities. The planned revenue will be reported automatically when a revision is activated and if the user needs to report planned revenue before activating the revision the Update Planned Revenue check box should be selected.

Only one revision can report planned revenue at any given time. If an active revision exists for the contract, it will necessarily be the active revision that reports planned revenue. The revenue elements on which the revenue is reported on the project activities will be deduced depending on the posting control setup and the report codes connected to the sales contract.

Prerequisites

• Sales values should be entered for the contract
• The sales contract should be connected to at least one project activity
• At least one active revision should exist or the Update Planned Revenue check box should be checked for the non-active revision
• Posting control setup should be defined to get the revenue elements.

System Effects

As a result of this activity, planned revenues on contract revisions will be reported to project revenue activities to which the revision is connected.

Window

Sales Contract/Revision

Related Window Descriptions

Sales Contract/Revision
Sales Contract/Items

Procedure

1. Open the Sales Contract window and query for the sales contract or populate and select from the list of values.
2. Click the Items tab and query for the contract revision.
3. Select the Report Planned Revenue check box. (Note: This check box is editable for non-active contract revisions).

If changes are made to project revenue elements, or discounts and deductions on sales contracts:

4. Click the Revisions tab.
5. Select the revision line, right click and then click Update Planned Revenues.