In this topic, you will learn how to better understand revenue plan assignment rules.
Steps:
You assign contract lines to revenue plans on the Assign Revenue Plan page.
Step 1You can assign contract lines to revenue plans for contracts in Pending and Active statuses. When a contract is in Pending status, contract lines are still available for amount allocation. Assigning a contract line to a revenue plan does not impact your ability to perform amount allocation on that contract line. The system stores all amounts related to revenue plans and revenue plan events as a percentage of the revenue plan total.
Step 2You can define events by percentage or amount. If you define by amount, you must manually update those amounts after making changes to the contract line amount. If you define by percentage, the changes to contract lines amounts made during the amount allocation step are automatically reflected on the revenue plan and revenue plan event amounts.
Note that you do not assign recurring contract lines to a revenue plan.
Step 3For a contract line to be unassigned from a revenue plan, its associated revenue plan status must be Pending, Reversed, or Cancelled to ensure that no processing has occurred. The revenue plan cannot have a status of Ready or In Progress.
Step 4This diagram illustrates a high-level sequence of the activities that you need to perform when assigning contract lines to revenue plans.
Step 5After you create a new contract in Pending status, you select products onto contract lines.
If you associated revenue plan templates with your products, upon selecting those products onto contract lines and clicking Save, the system creates revenue plans and assigns them to contract lines automatically.
Step 6Next, assign the active contract lines to revenue plans (this could also be done as Step 5).
You can assign a contract line to either a new revenue plan or a revenue plan that you have previously defined for the contract. You can define events for apportionment- and milestone-based revenue plans either before or after activating the contract.
Step 7In Step 4, you complete the amount allocation for all active contract lines. This could change the amount on any active line.
Repeat steps two through four as needed.
Step 8It is possible to activate the contract prior to assigning any or all of the active lines to revenue plans.
Step 9The last step is to ready the revenue plans.
If you selected the Ready at Activation option for this revenue plan, the system automatically changes the revenue plan status to Ready when the contract is changed to Active.
Step 10Congratulations, you have successfully gained an understanding of revenue plan assignment rules. You can either assign contract lines to existing revenue plans for that contract or you can create a revenue plan and assign contract lines at the same time. You can assign multiple contract lines to a single revenue plan. Each contract line for which PeopleSoft Contracts manages revenue, can be assigned to only one revenue plan.