A revenue event is a record or audit trail about a change to a revenue schedule.
When you manually distribute revenue schedule, if no change is made to the revenue schedule, no revenue events will not be created.
A revenue event is comprised of:
- Date: The date when the event occurred.
- Revenue Event Type: The action or activity triggering the revenue event.
- Recognition Start and Recognition End: The start and end dates for the revenue recognition period.
- Revenue Item: The distribution of revenue (or adjustments) into accounting periods.