Agreement Fees

Agreement Fees are the sources of revenue contained within a Revenue Agreement. Agreement Fees track the amount of revenue that will be recognized for each item and the period for which the revenue will be recognized. The method by which the revenue is recognized is determined by this object as well.

Agreement Fees have the fee details, effectivity period, start date, applicable products, applicable prepays, and applicable trueups.

The activity history section displays the activities that have been done by the user in the past. One Agreement can have one or more Agreement Fees.

The following table describes the fields in the agreement fee object.

Field Name	Description
Agreement (System Generated)	Name of the parent agreement.
RevRec Term (System Generated)	Duration of the period over which revenue will be allocated. RevRec Term is used to calculate the amount of revenue to be recognized each month.
Agreement Fee ID (System Generated)	Id of Agreement Fee.
Fee Type	The available options are Flat Fee or Usage.
RevRec Rule	Revenue recognition policy that is applicable to this fee.
Flat Fee Amount	Total amount of revenue to be recognized on this fee.
Usage Amount	Total amount of revenue to be recognized on this fee based on actual usage entered.
Fees	The available options are One Time or Recurring.
Frequency	Frequency at which the revenue has to be calculated. The available options are Monthly, Quarterly, or Yearly.
Actual Start Date	Start date of the revenue period. It is used with RevRec Term to determine the end date of the revenue period.
Current Period Date	End date of the current period for generating Actual Revenue.
Current Period Number	Term number for generating Actual Revenue.
Active	Flags fee as Active or Inactive for RevRec.
Cumulative Actual Units	Total of all active usage units.
Cumulative Actual Amount	Total of all earned revenue for this fee.
Deferred Balance Amount	Deferred balance for this fee.
Forecast Period Date	End date for the current forecasting period.
Forecast Period Number	Term number for the current forecasting period.
Forecast Active	Flags fee as active or inactive for forecasting.
Forecast Cumulative Actual Units	Sum of all forecast usage units.
Forecast Cumulative Actual Amount	Sum of all forecast amounts.
Forecast Deferred Balance Amount	Deferred balance after all forecasted earned revenue.

Creating Agreement Fees

Agreement Fees are created when you populate the Ready for Revenue Recognition date on the order line item. To create agreement fees,

Create a quote and add your product in the cart. Finalize the cart.
Accept the quote to create order and order line items.
Activate the order.
Once the order is created, enter the order activation date, order fulfillment date and ready for billing date. Click Save.
Edit the order and enter the revenue recognition date.
Click Save.
Revenue Agreement, Agreement Fees, and Performance Obligations are created.

Editing Agreement Fees

Follow the steps mentioned below to edit an agreement fee.

To edit an agreement fee

Select an appropriate agreement.
Under the Agreement Fee section, click Edit next to the agreement fee you want to edit.

Note

You cannot edit the Fee Type, Fee Amount and RevRec Rule.
Make appropriate changes to the agreement fee and click Save.

Editing Start Date for Immediate RevRec Rule

Editing the Fixed Start Date of the Agreement Fees is only allowed for products with RevRec Rule as Immediate. When you edit the start date of the agreement fees, the start date of the Performance Obligation and Agreement Line Item is also changed.

If the new fixed start date falls within the agreement period, the start date of the performance obligation and agreement line item is changed to the new start date. If the new fixed start date falls before the agreement start date, the agreement start date is also changed and set as the new start date.