Recording usage based revenue recognition details

Recording usage based revenue recognition details

This section enables you to determine the revenue percentage for service rendered for a given period of time.

Select the “Usage Based Rev. Recog.” tab in the “Edit Pricing and Invoicing Details” page.
Enter the following fields in the multiline:

Eff. Ref.	Use the drop-down list box to specify the object for which you wish to define usage-based revenue in percentage. The system lists the following options: Part Effectivity – Select this option if you have specified the part as the object effectivity in the “Part Effectivity” tab of the “Manage Customer Contract” page. Aircraft Effectivity – Select this option if you have specified the aircraft as the object effectivity in the “Aircraft Effectivity” tab of the “Manage Customer Contract” page.
Eff. Ref. Code	Use the drop-down list box to specify the code corresponding to the object effectivity reference. Mandatory. The system lists the options as follows: All the part effectivity codes having “Eff. Type” set as “Effective” in the “Part Effectivity” tab page of the “Manage Customer Contract” activity of the current business component. All the part / aircraft effectivity codes from the corresponding Part / Aircraft Effectivity Tabs of the “Manage Customer Contract” activity of the “Sales Contract – Services” business component.
Mark – Up %	The revenue in percentage added to the cost of servicing an object.
Effective From	The starting date from which the mark-up % is effective for the given object effectivity.
Effective To	The ending date up to which the mark-up % is effective for the given object effectivity.

Click the “Save Usage Based Rev. Recog.” pushbutton to record the markup % in the contract.

The “Pricing Basis” drop-down list box must be selected as “Usage Basis” in the “Part Effectivity” and “Aircraft Effectivity” tabs of the “Manage Customer Contract” activity of the current business component.