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NSC | Actual Revenue Plans Are Not Generated

edited Apr 3, 2024 6:10PM in Accounting / ERP

Users noticed that Actual Revenue Plans have not been generated even after running the Update Revenue Arrangement and Plans process. Actual Revenue Plans are significant in recognizing revenue over a period of time.

To troubleshoot, you may consider the following:

1. Check the Item record

  • Depending on the value set here, the system will trigger the creation of Actual Plans.
  • Under Revenue Recognition / Amortization tab, check Create Revenue Plans on field

    • For example, if set to Billing, Actual Revenue plan will only be created once Sales Order has been invoiced.

2. Go to Transactions > Financials > Update Revenue Arrangements & Plans

  • Check the Status

Clarisa De Torres | Ask a Guru

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