On August 17th, Vivek Ganesan, Senior Product Manager of Revenue gave an overview of what’s new in the 37.014.00.00 for Zuora Revenue. The session began with a tool tip on the ‘Reporting Summarize Current Period’ job that is planned to be phased out in Q4 2023.
What this means is that with ‘Real Time Summarization’ enabled, the summarization job is not required to be run. Additionally, this job may also be part of your Period Close Template.
We recommend the following:
- Stop running the ‘Reporting Summarize Current Period’ job
- Remove this job from your Period Close Template Configuration
- Navigation : Policies > Period Open/Close Template
37.014.00.00 Revenue Release Overview
Watch the video and review the presentation here
Report - Scheduling
- Start date is now available as part of the Scheduling UI
- Specify any future start date with time
Close Process Dashboard Enhancements
- Close Timeline Trend
- Days to Actual Close
- Days to final Accounting Transfer
- Days to close for last 12 periods
- Holds Detail UI
- Hold Level - ‘ALL’ option has been added
- Reporting Currency
- Net Sell Price
- Def Amount (Unreleased Revenue) - This is the Revenue on Hold
- Rec Amount (Released Revenue)
Transfer Accounting Enhancements
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Features
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Before 37.014
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After 37.014
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Currency Rounding
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Not supported for Amount in Functional/ Reporting Currency- Custom logic needed in outbound GL mapping
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Supported out of the box. Based on Currency definition
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Timing of Status Change
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Status moves to ‘Ready to transfer’ while the outbound file generation is in progress
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Status moves to ‘Ready to Transfer’ after the outbound file generation is complete
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Download Outbound File
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Not available
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Download GL outbound File from Transfer Accounting UI
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Regenerate outbound GL File
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Not available
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Available from Transfer Accounting UI
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Status Change
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Not available
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Manual Status Change from ‘Transferred’ to ‘Ready to Transfer’
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