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V15.4.2.0

For a Customer Contract, we can see the Revenue Recognition in the Revenue Recognition tab and by default it is dividing the revenue up from start to end, month by month.

When a contract starts mid-month, Alliance will allocate just a part of the revenue to that month (i.e. starting half way through the month will give an allocation of half a month revenue) but that does not match with our finance system (IFS - there are several choices in IFS as to how revenue deferral is handled), so I wondered if there is any way to change this behaviour so that it is always allocated evenly (i.e. whatever the date of the contract start, a full month of revenue is allocated in that first month and the same for the remaining months)?

Thanks

Chris

 

Chris,

Alliance does not support any other method of rev rec except to allocate the revenue across the number of days in each fiscal period.  Some Alliance customer have requested that the rev rec allow maintenance of the amounts on the summary screen for fixed price contracts, where there are no rev rec schedules on each OOS.  I know of a couple of customizations that were done in that regard but neither have made it into standard.  Yes, IFS contracts does have this capability.

Thanks Jacques, I thought that would be the case but better to ask, just in case.  Thank you for answering.

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