Updating Revenue Arrangements

Revenue arrangements and revenue elements can be updated automatically or manually depending on the setting of the accounting preference Revenue Arrangement Update Frequency. When you select the automatic option, the system updates revenue arrangements every 3 hours. The update incorporates changes to sources that affect revenue management.

If the accounting preference Create and Maintain Revenue Element Upon Closed Order is checked, NetSuite discontinues updates for closed sales orders or sales order lines.

To update revenue arrangements manually:

1. Go to Transactions > Financial > Update Revenue Arrangements and Revenue Recognition Plans
2. Set the filters on the top of the page if desired.
3. Click Update Revenue Arrangements.
4. Click Refresh until any revenue element and revenue arrangement processes display Complete in the Submission Status column.
5. Click the Complete link to open a page with a link to the revenue arrangement or elements.