Revenue Accounting uses the Revenue Accounting Management (RAM) wizard to guide you through the process of making and modifying revenue adjustments. You can also use the wizard to update expiration dates of existing revenue contingencies. For example, you can record early acceptance for an invoice line, if the line is associated with a contract that offers an acceptance clause.

You can make revenue and sales credit adjustments to completed invoices and credit memos only. When making adjustments to transactions with rules, the invoicing rule must be In Advance.

When you make adjustments using Revenue Accounting, Receivables uses AutoAccounting to automatically generate all necessary accounting distributions. Before Receivables saves the adjustments, the distributions and/or sales credits resulting from the adjustment are displayed for your review. At this point, you have a final opportunity to approve or cancel the adjustments. In the case of a revenue adjustment, you can also modify the account distributions before saving. You can also review your early acceptance and other revenue contingency actions before saving. In certain cases, recording early acceptance or expiring a contingency can trigger automatic revenue recognition for the invoice line.

When you create or import an invoice, you can defer all revenue to an unearned account by assigning a deferred accounting rule to the invoice. At the appropriate time, you can recognize revenue manually using the Revenue Accounting and Sales Credits window or automatically using the Revenue Adjustment API.

To manage revenue contingencies:

1. Navigate to the Revenue Accounting and Sales Credits window and enter your
query criteria.
2. Choose the Manage Revenue button.
3. Select Modify Revenue Contingencies.
4. Select the transaction line whose contingency you want to adjust. Then, in the Line Revenue Contingencies region, adjust the contingency's expiration date attributes:
• Number of days (days added to event attribute)
• Estimated expiration date
Tip: To expire a contingency, set the expiration date to today's date.

To record early acceptance:
1. Navigate to the Revenue Accounting and Sales Credits window and enter your
query criteria.
2. Choose the Manage Revenue button.
3. Select the Record Acceptance option and click Next.
4. Select a specific item, item category, or line number to indicate the line or lines that you want to accept.
5. The next window displays the lines that Receivables will record early acceptance for.
Click Next to accept the selected lines.
6. Review the results in the Results window.