why might a fair value dimension not be associatin...
# ask-stanley-ai
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why might a fair value dimension not be associating with the item correctly in allocation of revenue
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AI generated answer (using internal Slack threads):
****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ****** The fair value dimension might not be associating with the item correctly in the allocation of revenue due to several reasons: 1. Incorrect Setup of Fair Value Formulas: Fair Value (FV) formulas need to be set up correctly in NetSuite, especially if you're using Advanced Revenue Management (ARM). These formulas are used to calculate the correct revenue allocation amounts when documents come into the system. If these formulas are not set up correctly, the revenue allocation might not associate with the item correctly. 2. Incorrect Revenue Recognition Settings: If the revenue recognition is set to create plans on fulfillment, but it's creating the revenue plan and recognizing revenue based on the invoice bill date instead of the sales order & fulfillment date, this could lead to incorrect association of the fair value dimension with the item. The revenue plan amount source should be set correctly, for example, amount = amount in plan, and event-percent based on quantity. 3. Issues with Kit Items: If the item is part of a kit, the revenue is associated with the kit item itself and not to the member items in standard reports. This could lead to the fair value dimension not associating correctly with the individual items that are part of the kit. 4. Incorrect Revenue Element Settings: The revenue element settings should be checked to ensure they are set to create plans on fulfillment or invoice as required. Incorrect settings here could lead to issues with the association of the fair value dimension with the item. Please review these settings and configurations in your NetSuite environment to ensure they are set up correctly for proper association of the fair value dimension with the item in revenue allocation.
Slack thread 1: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.797958195
Slack thread 2: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.79608494
Slack thread 3: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.787072659
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