Use this activity to report planned revenues on sales contract revisions to project revenue activities. The planned revenue will be reported automatically when a revision is activated and if the user needs to report planned revenue before activating the revision the Update Planned Revenue check box should be selected.
Only one revision can report planned revenue at any given time. If an active revision exists for the contract, it will necessarily be the active revision that reports planned revenue. The revenue elements on which the revenue is reported on the project activities will be deduced depending on the posting control setup and the report codes connected to the sales contract.
As a result of this activity, planned revenues on contract revisions will be reported to project revenue activities to which the revision is connected.
Sales Contract/Revision
Sales Contract/Items
1. Open the
Sales Contract
window and query for the sales contract or populate and select from the list of
values.
2. Click the
Items tab and query for the
contract revision.
3. Select the Report Planned Revenue check box. (Note:
This check box is editable for non-active contract revisions).
If changes are made to project revenue elements, or discounts and deductions on sales contracts:
4. Click the
Revisions
tab.
5. Select the revision line, right click and then click
Update Planned Revenues.