Setting Up Deferred Revenue Distribution


In this topic, you will learn how to set up deferred revenue distribution for your customer's prepaid balance amounts.


Steps:

  1. Begin by navigating to the Prepaid Balances page.

     

    Click the Main Menu button.

    Step 1

  2. Click the Customer Contracts menu.

    Step 2

  3. Click the Determine Price and Terms menu.

    Step 3

  4. Click the Prepaid Balances menu.

    Step 4

  5. Click in the Business Unit field.

    Step 5

  6. Enter the desired information into the Business Unit field.

     

    Enter "USCSP".

    Step 6

  7. Click in the Contract field.

    Step 7

  8. Enter the desired information into the Contract field.

     

    Enter "CON0000004".

    Step 8

  9. Click the Search button.

    Step 9

  10. Use the Prepaids page to establish prepaid balance amounts.

    Step 10

  11. Click the Deferred Revenue Distribution object.

    Step 11

  12. The Distribution Code field represents a combination of General Ledger ChartField values.

     

    Click the Look up Distribution Code (Alt+5) button.

    Step 12

  13. Click the USC01 link.

    Step 13

  14. Notice that when you selected a value for the Distribution Code field, the account number for that code auto-populated the Account field.

    Step 14

  15. The Department field is used to indicate who is responsible for or affected by the transaction.

    Step 15

  16. The Operating Unit field is used to indicate a location, such as a campus, a school or study, or campus department. It is also used for responsibility reporting, such as a profit center.

    Step 16

  17. The Project field captures additional information useful for project accounting. When the deferred revenue accounting entry is made, the Project field is populated from the project associated with the billing activity (from PROJ_RESOURCE); this project is not used.

    Step 17

  18. Use the scrollbar to view additional information on the page.

    Step 18

  19. The Statistics Code identifies non-monetary amounts. Statistic codes are associated with a specific unit of measurement.

    Step 19

  20. Click the Save button.

    Step 20

Congratulations, you have successfully learned how to set up deferred revenue distribution for your customer's prepaid balance amounts.

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