• 4-4-5 Accounting Calendar

  An accounting period is a span of time during which businesses gather, prepare, and organize their financial activity. 4–4–5 Accounting Calendar is one of the methods of managing accounting periods: the first accounting period consists of the first four weeks, the second period consists of the next four weeks, and the third period consists of the next five weeks - in total, the 13 weeks make up the period for quarter, and four quarters combines to account for 52 weeks in an accounting fiscal yFew readers

• Core Concepts

  Learn the basic terms used by REVLOCKFew readers

• Environments

  We know accounting is tough so every one of our customers gets two environments. The first is a test environment that you can use to test transactions out in, make sure your standalone selling price is working the way you expect or that the integration process is flowing as you like. The second is a production / live environment. You can switch b/w these two by clicking on the drop down in the toolbar. You can also independently invite users to each environment. (https://storage.crisSome readers

• Accounting Period

  The accounting period is a primary time concept in any accounting system. REVLOCK leverages the accounting period to determine what transactional data belongs to which period. The accounting period is always visible right in the top toolbar. Accounting Period Once you set the accounting period the system marks the prior period as "closed" (in my example this would be the monthPopular

• Reporting Period

  As REVLOCK brings in orders it builds out revenue plans that go out through the life of the contract. This is computed all the way through the end of the contract life and is saved within the accounting system and warehouse. Setting the Reporting Period The reporting period is a concept that helps control the amount of future information that is shown within REVLOCK, this has to be set at leaFew readers

• Our User Interface

  Welcome to REVLOCK! The simple way to automate revenue recognition under ASC 606. REVLOCK is a modern single page web application, similar to Gmail and other products you might already be familiar with. There is a menu on the left that lets you access various features and a tool bar on the top. Our user interface Menu The Menu is the main way to get around in the application. the menu (https://Few readers

• Control Checks

  Overview RevRec provides out-of-box control checks that help you meet the SOX-compliance requirements: for example, invalid or missing data, unusual or uncontemplated use case scenarios that warrant a second look, or software issues that may have impacted your data. Once a potential issue is identified, RevRec will alert you and provide the detailed information, including the full description of the issue, an analysis of the potential impact and oftentimes the proposed resolutions, so thFew readers

• Product Catalog

  Configure Product Catalog You can configure your products in REVLOCK to match your product catalog in your CRM. If you REVLOCK site is connected directly to CRM such as Sales Force or HubSpot, REVLOCK will automatically download the product catalog. Otherwise you can create you product catalog in REVLOCK directly. There are two types of products in REVLOCK 1. Product A product is a good or service that is sold as part of contract. Usually it would have a non-zero price attached to it. WhSome readers

• User Management

  Adding users and providing them roles You can easily invite additional users into your account into any specific environment. Navigating to Environment Settings You do this by going to the particular environment account and clicking on settings. This will take you to your user screen and you can then click on Invite Invite a User (https://storage.crisp.chat/users/helpdesk/website/a68aaae1094f48Few readers

• Understanding Errors

  Errors This articles walks through the different types of errors and warnings that are generated in RevLock during a process. When you create a Sales Order, Customer, Product or Standalone Selling Price in RevLock you can encounter different errors and warnings. We are going to explain those here in detail. Errors Where to look for these errors? You can find all the errors of any process under ReporFew readers

• Tools you need and Service Limits

  Tools you need to use REVLOCK As a SaaS (Software as a Service) application all you need to do use RevLock is an internet connection and a desktop based browser. We currently support current versions of Google Chrome and Apple Safari. Other Recommendations We do recommend that you have access to Microsoft Excel (a version 2008). This will allow you to fully leverage our bulk load features and download nicely formattedFew readers