Revenue recognition plans can be updated automatically or manually depending on the setting of the accounting preference Revenue Plan Update Frequency. When you select the automatic option, NetSuite updates revenue plans every 3 hours to incorporate changes to transactions and revenue arrangements that affect revenue plans. When revenue recognition plans are updated automatically, administrator permissions are used and all plans are updated regardless of subsidiary restrictions.
You can update revenue plans manually between automatic updates. When you update revenue recognition plans manually, your subsidiary restrictions determine which revenue elements have their plans updated.
If the accounting preference Create and Maintain Revenue Element Upon Closed Order box is clear, updates for closed sales orders and closed sales order lines are discontinued. These discontinued updates include revenue recognition plans.
The Status subtab list on the Update Revenue Arrangements and Revenue Plans page displays all update processes run for the selected date range. Processes displayed include updates for revenue elements, revenue arrangements, actual revenue recognition plans, and forecast revenue recognition plans, whether the update was manual or automatic. Processes are run only when eligible sources are identified for the update. If no eligible sources are identified, no processes are run or listed.
You can use the accounting preference Disable Creation of Forecast Plans to skip the generation of revenue recognition forecast plans. This preference disables both automatic and manual forecast plan updates.