how to run project revenue plan?

AI generated answer (using internal Slack threads):

To run a project revenue plan in NetSuite, you need to follow these steps: 1. Create Revenue Recognition Journal Entries. You can do this by navigating to

Transactions > Financial > Schedule Revenue Recognition Journal Entries > Run Now

. 2. Once the Revenue Recognition Journal Entries are created, you need to create Reclassification Journal Entries. You can do this by navigating to

Transactions > Financial > Schedule Reclassification Journal Entries > Run Now

. The connection between

RevenuePlan

and transactions or sales orders is established through the item on the sales order. This item will create a revenue element, and the revenue element is what causes the actual revenue plan for posting. For example, if you have 1 Sales Order with 3 Items, it will create 1 Revenue Arrangement with 3 Revenue Elements. Each Revenue Element will then create 2 Revenue Plans (1 actual, 1 forecast). To manually trigger the update of Revenue Plans, you can type "Update Revenue Plans" into the global search in NetSuite. This will bring up the page where you can manually update the Revenue Plans. Please note that it's an accounting preference if this runs automatically or not. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******