Agreement Revenue Adjustments represent the changes to the amount of revenue recognized during a period. Revenue Adjustments have their own revenue schedules. These are used to record one-time changes to revenue that do not carry over to multiple periods.
To add Agreement Revenue Adjustment Schedules
Select an appropriate agreement.
Under the Agreement Revenue Adjustments Schedules section, click New Agreement Revenue Adjustments Schedules.
Complete the following fields as per the table.
Field Name
Description
Period Date
Period date of Rev Rec Agreement
Agreement
The Agreement for which you want to create Agreement Revenue Adjustment Schedule.
Adjustment Amount
Adjustment amount of the agreement
Revenue Type
Revenue type from the drop down menu
Revenue Subtype
Revenue subtype from the drop down menu
Comments
Comments (if any)
Click Save.
To edit Agreement Revenue Adjustment Schedules
Select an appropriate agreement.
Under the Agreement Revenue Adjustment Schedules, click Edit next to the appropriate agreement revenue adjustment schedule.
