Revenue Events

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.