The Revenue Recognition Policies object is a part of Conga CPQ product. After the integration of Conga Revenue Recognition and Conga CPQ, Revenue Recognition Policies will impact the revenue to be generated.

Revenue Teams must be consistent in the methods they use to recognize revenue. This is done by identifying a set number of policies which are used to recognize revenue for all transactions. While exceptions may exist, the majority of their transactions will adhere to one of these policies. Revenue Recognition Policies allows users to create those rules within Conga so the system can automatically distribute revenue according to their business policies. Revenue Recognition Policies must be assigned to Products or Price List Items to instruct the system on which rule to use for a particular transaction. 

For more information on Revenue Recognition Rules, kindly refer Revenue Recognition Rules for Users.

To create Revenue Recognition Policy

  1. From drop down menu, select Apttus Product Setup.

  2. Click  and select Revenue Recognition Policies.

  3. Click New.
  4. Enter the Name and the Description of the Revenue Recognition Policy.
  5. Select the appropriate Revenue Recognition Rule from the drop down menu.
  6. Click Save.

To edit Revenue Recognition Policy

  1. Click  and select Revenue Recognition Policies.

  2. Select an appropriate revenue recognition policy.
  3. Click Edit.

  4. After making appropriate changes to the policy, click Save.