Checklist: Setting Up Revenue Generation

If you are new to Vision, 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 in Configuration > Accounting > Company Settings.

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 Vision standard revenue methods calculates revenue that matches your company's contract terms.

  • You select 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, Deltek recommends that you 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 Project Info Center 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 in the Project Info Center. 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.