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Setting Up Revenue Recognition Trigger Dates

Setting Up Revenue Recognition Trigger Dates

Concept

Before you can send an invoice to the revenue recognition process, you must set up dates by company in the Revenue Recognition Trigger Setup program (P03B420).

The system assigns each invoice in the revenue recognition process an eligible for recognition date. The system calculates this date based on the values you enter in the date setup and the trigger configuration.

The system also determines the period comparison date for the invoice based on the values in the date setup. Then, the system compares the eligible for recognition date and the period comparison date and, depending on the value in the Same Period Inclusion check box, sends the invoice to the revenue recognition process.

Procedure

In this task, you will set up the revenue recognition trigger dates for A/R invoices.

Step Action
Navigate to the Trigger Setup program (P03B420) on the Revenue Recognition menu (G03B412).

Click the Revenue Recognition menu.

Click the Trigger Setup menu.

Use the Revenue Recognition Trigger Setup form to review revenue recognition trigger date setup and hierarchy setup by company.

Step Action
Click in the Company field.

Enter the desired information into the Company field. Enter “1“.

Click the Find button.

You can use the form to see, at a glance, whether the hierarchy and dates have been setup for each of the systems that sends invoices to the revenue recognition process: Sales Order Management, Accounts Receivable, Contract Billing, and Service Billing.
Click the Row menu.

Click the Invoice Setup menu.

Click the Inv Date Setup menu.

Use the Invoice Trigger Date form to maintain the date setup that the system uses to calculate the eligible for recognition date for the invoice.
The system calculates the eligible for recognition date by examining the Calculation From Date field to determine which date you want to use, locating that date, and then adding the value in the Days From Configured Date field, if applicable.

Then, the system compares the eligible for recognition date to the value in the Period Comparison Date field to determine if the dates are in the same period.

Step Action
Click in the Calculation From Date field.

Use the Calculation From Date field to specify the date that the system uses to calculate the eligible for recognition date. Values are:

1: G/L date

2: Invoice date

Enter the desired information into the Calculation From Date field. Enter “2“.

Click in the Period Comparison Date field.

Use the Period Comparison Date field to specify the date that the system uses to calculate the eligible for recognition date. Values are:

1: G/L date

2: Invoice date

Enter the desired information into the Period Comparison Date field. Enter “1“.

Click the OK button.

Step Action
Click the Close button.

You have successfully set up the revenue recognition trigger dates for A/R invoices.

End of Procedure.

Ayman Refat
Over 20 years of experience in IT area, working as Oracle JD Edwards Developer with expertise in Windows Server, SQL Server and Microsoft Exchange Server, experience in Linux operating systems (Debian and Redhat), VMWare ESX / ESXi, Novell Netware, relational databases like Oracle 10/11g and backup solutions from Computer Associates. Large experience in high-end servers from Dell and HP, having the following certifications: Microsoft: MCP, MCSE, MCDBA, MCSA and MCT (2008 ~ 2013), Computer Associates: Technical Specialist – Storage and Backup Solutions,
http://www.AymanRefat.com

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