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- Revenue Recognition
- Implementation plan
How a Revenue Recognition rollout works
Pilot one period from schedule review through billing and plan approval.
Define the scope
Choose an organization, billing period, representative customers and products, and the people who own each decision.
Load reference records
Bring in customer, product, person and organization identifiers with the correct ownership.
Prepare schedules and invoices
Create dated revenue schedules and link relevant invoice lines to them. Reconcile the customer and service periods.
Rehearse billing
Build a Draft billing run, validate it and post it. Inspect the operation receipt for each transition and a refused repeat.
Rehearse plan review
Enter budget lines and actual amounts, inspect Budget vs Actual, then approve an in review plan and review its decision and receipt.
Open the period
Confirm list access, report totals, evidence links and named follow-up owners before expanding the scope.
What the customer provides
Provide the contract references and files, customer and product lists, billing calendar, invoice history, recognition policy, cost center plan and actuals, and the people authorized to review them. Identify the ledger and payment systems that own final posting and cash confirmation.
Changing it afterwards
Use a later period to introduce more customers or products. Reconcile changed source amounts to the current records before relying on a report. Keep earlier review decisions and operation receipts available when correcting a schedule, plan or billing run. Review the data model before changing reference mappings.
Set up Revenue Recognition your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.