How to understand your revenue plans and their accounting in RevRec?

Scope

How to check the data and graph for each sales order item revenue plan in RevRec?

Is there any way to check the revenue differences on subscription change in RevRec?

Do we have the option to check revenue for each item in RevRec?

Summary

You can analyze and check revenue plans and their accounting by navigating from Customer > Sales Order > Arrangements > Revenue Plan.

Solution

Once a sales order is recorded into RevRec it will automatically use the SSP library to create an associated revenue plan. Orders that have revenue plans are shown as Active in the search results on sales

Clicking through to a sales order and you can get to the Arrangements.

Once in the Arrangements, you can look at the revenue accounting by expanding and getting into the revenue elements as shown below.

If you want to see the accounting calculations, hover over the element and you will see something like this.

You can also see the overall plan by clicking on the plan, either see it graphically over time, or you can flip the Graph switch on the top right to see it as numbers or break it out by product by product.

Now, you have finished setting up all your 606 accounting and revenue numbers in detail.