Revenue categories master data is used by the InEight Change and InEight Control applications.
When managing change orders in the Change and Control applications, you can select a revenue category to indicate a percentage probability that the change order will be reimbursed. The categories and probabilities percentages are set at the organization level and based on their organization's business rules. Examples of revenue categories, change status, and percentage that could be used, are shown in the Revenue categories master data image below.
After the revenue category is assigned to the change order, the associated probability percentage is factored in the related forecasted revenue in Control.
With the applicable permissions, you can select the icon to add, edit, or delete master data revenue categories. Permissions are configured in Roles and permissions > Master data libraries > Revenue category.
| Permission Name | Description | Level |
|---|---|---|
| View revenue category | Allows the user to view revenue categories master data. | Base user |
| Add revenue category | Allows the user to create and add revenue categories to master data. | Account Admin |
| Edit revenue category | Allows the user to modify existing revenue categories in master data. | Account Admin |
Within InEight Platform, you can store a list of revenue categories used by your organization on the Revenue categories master data page.
| Field | Description |
|---|---|
| Revenue category name | Name of the revenue category that shows in the drop-down lists in the Change and Control applications. |
| Revenue change status name | Name provided by the organization that is associated with the approval probability percentage status used in Control. |
| Probability percentage | Value that indicates the probability percentage for the revenue category. |
| Status | Set the status to Available to allow the revenue category to be used. If the status is set to Unavailable and the Hide unavailable toggle is set to On, the revenue category does not show in the list. |
You can add and edit revenue categories by clicking the Add and Edit icons. From the right toolbar, the Import and Export icons allow you to add and export your revenue categories in bulk.
By default, the Hide unavailable toggle is set to On, which filters the list to show only the available revenue categories that can be assigned. Revenue category records cannot be deleted but the status of a revenue category record can be set to Unavailable, which prevents the revenue category from being used and assigned. However, if a revenue category is already indicated on a contract within a project, then it will still be available in that contract but will not be available for future contracts.
In Change, you can assign a revenue category to a potential change order (PCO) on its Details tab, in the Revenue category drop-down list.
In Control, you can assign the revenue category to a contract adjustment in the Approval probability section.
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