RE: Revenue Arrangement on Stand Alone Invoices
My client uses approval routing on invoices and Advanced Revenue Management. They want revenue recognition to happen right away on billing, so we have unchecked the accounting preference “REQUIRE INVOICE APPROVAL WHEN REVENUE PLANS ARE CREATED ON BILLING”. This seems to be working as intended for invoices created from SO’s – I can see the revenue plan updated on the arrangement linked to the SO. However, for standalone invoices no revenue arrangement is generated and there are no accompanying revenue plans. When approving the invoice the arrangement is generated.
The wording of the setting does say only Revenue Plans, but seems odd this wouldn’t work for stand alone invoices, is there a piece of this process I am missing?
Update this myself: Not possible to create revenue arrangements from unapproved transactions. The preference only related to the arrangement being generated on the SO, then the plan being created on invoice creation regardless of invoice approval status.