Revenue Generation Setup Checklist

You may find it helpful to review a list of the general steps that you complete to set up revenue generation.

Step	Description
1	To enable Revenue Generation, click the Enable Revenue Generation Feature check box on the Revenue tab of Settings > Accounting > Company.
2	Enable and set up revenue categories if you want to track multiple unbilled services and uninvoiced revenue accounts.
3	Create user-defined revenue methods if: None of the standard revenue methods calculates revenue in a way that matches your projects' contract terms. You want to track multiple unbilled services and uninvoiced revenue accounts with revenue categories. You must create a user-defined revenue method for each revenue category. You cannot use standard revenue methods with revenue categories.
4	After you decide which revenue methods to use, you should prove out each revenue method on a few projects before you assign the method to all of your projects.
5	Assign a revenue method for each project for which you want to accrue revenue. On the Budget & Revenue tab of the Projects hub (in the desktop application), at the lowest chargeable level for each project, enter the revenue method. If you enabled the Revenue Categories feature, enter a revenue method for each revenue category on the Budget & Revenue tab.
6	Set up overall revenue upset limits and overall additional revenue calculations for individual projects on the Budget & Revenue tab of the Projects hub. These are optional.
7	Enable and set up revenue groups if you have projects that are part of a group or contract, and you want to recognize revenue at the overall group (contract) level rather than as the sum of its projects.