The Advanced Revenue Management feature is now split into the following features:
■ Advanced Revenue Management (Essentials) – This feature supports the use of revenue
arrangements and plans to automate revenue deferral, recognition, forecasting, and auditing.
■ Advanced Revenue Management (Revenue Allocation) – This feature is an add-on to Advanced
Revenue Management (Essentials). This feature supports the use of fair value pricing, range checking,
and fair value formulas to allocate revenue across several performance obligations.
This update does not affect functionality for existing NetSuite accounts that have the Advanced Revenue
Management feature enabled. The Advanced Revenue Management (Essentials) and Advanced Revenue
Management (Revenue Allocation) features will be enabled automatically in these accounts.
The Accounting Periods feature must be enabled as a prerequisite for Advanced Revenue Management
(Essentials) and Advanced Revenue Management (Revenue Allocation). To enable the Accounting Periods
feature, go to Setup > Company > Setup Tasks > Enable Features. Click the Accounting subtab, and in the
Basic Features section, check the Accounting Periods box.
To enable the Advanced Revenue Management (Essentials) feature, go to Setup > Company > Setup
Tasks > Enable Features. Click the Accounting subtab, and in the Revenue Accounting section, check the
Advanced Revenue Management (Essentials) box.
The Advanced Revenue Management (Essentials) feature must be enabled as a prerequisite for the Advanced
Revenue Management (Revenue Allocation).
To enable the Advanced Revenue Management (Revenue Allocation) feature, go to Setup > Company >
Setup Tasks > Enable Features, and click the Accounting subtab. In the Revenue Accounting section,
check the Advanced Revenue Management (Revenue Allocation) box.
The following screenshot shows the Advanced Revenue Management (Essentials) and Advanced Revenue
Management (Revenue Allocation) features on the Enable Features page:
