Blogs

Effectively and Efficiently Use Zuora Revenue Reports with Journal Entries and the Close Process Dashboard

By Lana Lee posted 15 days ago
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When it comes to Zuora Revenue reporting, there is a lot of information to cover which is why we decided to devote two Table Talk sessions to this topic. In February our first Revenue reporting session covered reporting best practices, revenue reporting and journal entries along with some examples. In this second session, we dive deeper into journal entries, diagnosing problems with reports using journal entries, and the Close Process Dashboard. Watch full video | View presentation Zuora Revenue Reporting Best Practices Watch video to learn more Feature Recommendation Benefits ...
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Common Use Cases for Zuora Revenue Variable Considerations

By Lana Lee posted 24 days ago
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At our Revenue Table Talk on March 14th, Senior Director of Product Management Nikki Wong shared some common use cases for Zuora Revenue variable considerations. She also shared a Revenue Tool Tip on stage validation which is reviewing the data before we process it to avoid it being “stuck in stage”. View Presentation | Watch Full Video Revenue Tool Tip: Stage Validation Watch to Learn More While data is being processed in Zuora Revenue, the system will validate the data based on the set of rules. If the transaction fails to pass the rules, it will be “stuck in stage”, where Zuora Revenue will stop processing the translation with ...
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How to Effectively and Efficiently Use Zuora Revenue Reports - Best Practices and Journal Entries

By Lana Lee posted 02-13-2024
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On February 8th, Nikki Wong, Sr. Director of Product Management and Vivek Ganesan, Sr. Product Manager held a Community Table Talk where they shared their best practices for Zuora Revenue reports, and journal entries. Nikki also included a few practice examples to demonstrate the reporting concepts. Review: Presentation | Full Video Revenue Tool Tip: Implication of Delink Method Watch video to learn more The Delink Method will contribute to allocation impact, especially if you are delinking an RC that is in revision period. Options: Delink By RC - this will allow the system to retain the accounting result and history of the RC ...
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What’s New in the 37.016.00 Zuora Revenue Release

By Lana Lee posted 01-16-2024
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On January 9th, the Zuora Community was joined by the Revenue Product Management team as they shared the latest features from the 37.016.00 release which included enhancements to the consumption report, schedule job parameter, and reporting. ⇒ If you missed the session or wish to rewatch it, review the presentation slides here and the full session video below. What’s New in the 37.016.00 Zuora Revenue Release Consumption Report Enhancements Learn More: Video Consumption events report now provides insight into revenue segment, transaction date, sub product charge number, and type. Use Case Learn More: Video ...
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Period Close Template and Foreign Exchange Management in Zuora Revenue

By Lana Lee posted 01-03-2024
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When it comes to foreign exchange management in Zuora Revenue, there’s a lot of ground to cover which is why we had two sessions - one in September and another in November 2023 - to ensure that we devoted our time to each topic. If you missed our September Foreign Exchange Management session where we talked about sales orders, invoices and credit memos, you can review it here . For our November workshop, Sr. Director of Product Management in Revenue Nikki Wong shared a tool tip on Zuora Revenue's Period Close Template which is where your close process is going through. This template is self-configurable and there are other programs or you can enter ...
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What’s New in the 37.015.00 Zuora Revenue Release

By Lana Lee posted 10-18-2023
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We’re excited to share with you what’s new in our latest Zuora Revenue Release including Restyling of the Zuora Revenue Profile Menu UX Enhancements Schedule Jobs Submission Revenue Sync Page Filters Reporting Update - Current Period Summarization Job Phase Out New Data Query With Cross Joins Best Practice Tool Tip: Post Summarize Data Before diving into the enhancements, Senior Product Managers Vivek Ganesan and Ramesh Mettupalayam Sadasivamoorthy shared a Revenue best practice tool tip on Current Period Post Summarize Data. One would normally see this particular job in your period close template and it may also be a part ...
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Foreign Exchange Management for Sales Orders, Invoices and Credit Memos in Zuora Revenue

By Lana Lee posted 09-25-2023
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In Zuora Revenue, there are primarily four scenarios of foreign exchange management where Zuora Revenue provides reports in different currencies for you to view and translate into revenue values for each scenario: Sales Order vs. Invoice Invoice vs. Credit Memo SSP Allocations in Multi-Currencies Revenue Contract Posting to General Ledger As each scenario is important in foreign exchange management, we will separate the topic into a two-part series part 1 will focus on sales order vs. invoices and invoice vs. credit memo this month (September) and part 2 in November will round out the series with SSP allocation in multi-currencies revenue contract ...
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Revenue Feature Updates for CA/CL and LT/ST Reclass and the Automated Revenue Release Check

By Lana Lee posted 09-25-2023
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Last month, we shared What's New in the 37.014.00.00 Zuora Revenue Release and we wanted to share some additional updates since then. Continue reading or watch the video . CA/CL Reclass and Long Term and Short Term Reclass Because automated CA/CL reclass and LT/ST reclass MJE creation is not enabled on production environments as part of the 37.014.00.00 release, Zuora will enable this feature as per the below plan: If your quarter ends in September, this feature will be enabled in your production environment by mid of October 2023. If your quarter ends in October, this feature will be enabled in your production environment by mid of November ...
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What's New in the 37.014.00.00 Zuora Revenue Release

By Lana Lee posted 08-23-2023
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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 ...
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Booking Forecast in Zuora Revenue

By Lana Lee posted 05-17-2023
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On May 11th, the Zuora Community hosted a Revenue Workshop on Booking Forecast with Nikki Wong, Senior Director of Product Management where she walked through the steps to setup, generate, and report your booking forecast. Additionally, Nikki shared a Revenue Tool Tip on how to prepare for an external audit in Zuora Revenue using commonly-used reports which you can read more about here . Learn More View Presentation | Watch Full Video Forecasting Watch video to learn more Forecasting in Zuora Revenue puts an ease on Remaining Performance Obligations (RPO) reporting by doing three kinds of waterfall: ...
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Preparing for an External Audit with Commonly-Used Reports in Zuora Revenue

By Lana Lee posted 05-16-2023
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On May 11th, the Zuora Community hosted a Revenue Workshop on Booking Forecast with @Nikki Wong , Senior Director of Product Management where she walked through the steps to setup, generate, and report your booking forecast. Before diving into the main topic, Nikki shared a Revenue Tool Tip on how to prepare for an external audit in Zuora Revenue using commonly-used reports: For Revenue Reporting: Revenue Insight YTD/QTD - This can be used for Contract Sampling. This report provides all the revenue contracts that have revenue activities for the period. This includes all revenue posted to the Revenue Accounts. Revenue Contract ...
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Revenue Data Backup Effective July 1st 2023

By Zuora Community posted 04-19-2023
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Zuora Revenue backs up data in sandboxes and production instances automatically for customers who may wish to retrieve data as it existed as of a specific date. Customers of Zuora Revenue have the ability to access historical data within a limited time frame from a backup copy. Data backup copies are not maintained indefinitely, and copies will be archived after a period of time as detailed in this policy. Zuora reserves the right to update this policy from time to time at its sole discretion. 1. Live Customers 1.1 Production instance will be backup daily and retain for 4 weeks 1.2 Production instance Period End copy will be store for 78 weeks (in any case ...
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Consumption Revenue

By Lana Lee posted 04-17-2023
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In the past few years, the consumption pricing and packaging model have become increasingly popular among different businesses. While providing flexibility and have been adopting pricing and packaging consumption models which have an effect on the back-end office like finance and accounting and other operations. With limited marketplace options for consumption revenue, we’re excited to share how Zuora Revenue automates revenue recognition for the best consumption models. On March 6th, 2023 we held a Zuora Revenue Table Talk on Consumption with @Mike Chu , Senior Product Manager, @Wing Li Senior Solution Architect and @Nikki Wong , Senior Director of Product ...
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How Zuora Revenue Derived the Amount for Long-Term vs. Short-Term Contract Liability and What’s New in the 37.012.00 Release

By Lana Lee posted 03-13-2023
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At our March 9th, 2023 Zuora Revenue Workshop, @Nikki Wong , Senior Director of Product Management in Zuora Revenue shared what’s new in the Zuora Revenue 37.012.00 release and included a Tool Tip on how Zuora Revenue derived the amount for long-term vs. short-term contract liability. Contract Liability is a Balance Sheet account and is subject for short term vs long term classification as per Accounting Guidances. Zuora Revenue has provided automated short term vs long term reclassification functionality for our customer to address the needs. During each period end close, customers can initiate the Accounting LT/ST Reclass feature from the main ...
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Using Export RC for a Simplified Contract Review and Contract Assets vs. Contract Liability

By Lana Lee posted 02-13-2023
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At our February 9, 2023 Zuora Revenue Workshop, Nikki Wong, Director of Product Management in Zuora Revenue gave an overview of Contract Asset vs. Contract Liability in Zuora Revenue which included a Zuora Tool Tip on using the Export RC feature for a simplified contract review. The Export RC feature is a useful tool for accountants who manage contract review and can be found under Workbench in Zuora Revenue. What this feature does is that it allows the download of all the tabs that you need within the Workbench as opposed to going into every individual tab and downloading them manually. Export RC gives you the option to select the tabs that you need and ...
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How To Leverage Zuora Revenue (RevPro) Reporting To Make Strategic Decisions Webcast Takeaways

By Amy Ly posted 02-08-2023
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As companies adjust to COVID-19, revenue is a lagging indicator of the impact on your business. It's now as important as ever to report on these impacts accurately so that you can leverage this data to make strategic financial decisions. For customers using Zuora Revenue (formerly known as RevPro), there is an array of data and reports available to help you understand and analyze the data. In this session, we'll show you how to use this information. Over 40 customer attendees joined experts from our customer success, global implementation, and Subscribed Institute strategy teams to demo best practices, answer questions, and facilitate peer-to-peer discussions. ...
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Consumption Revenue and Operationalizing the Close Process Dashboard

By Lana Lee posted 01-17-2023
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At our January 12, 2023 Zuora Revenue Workshop, @Nikki Wong , Director of Product Management in Zuora Revenue gave an overview of the new Consumption Revenue Module that is now generally available. Some highlights on pre-defined performance obligation below followed by the video with more information: Consumption - Usage Event (Non-Committed) Supports the use case where billing is in arrears and revenue is expected to be accrued before billing. Consumption - Usage Event Supports the use case where billing in advance and revenue is expected to be recognized after billing. Revenue is driven by Usage as Incurred. Consumption Ratable without ...
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Zuora Revenue Updates to the UI and the Close Process Dashboard

By Lana Lee posted 12-08-2022
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At our December 8th Zuora Revenue Workshop, Nikki Wong, Director of Product Management in Zuora Revenue was joined by Senior Product Managers Ankita Jain and Vivek Ganesan to share some upcoming UI updates in Zuora Revenue and walked attendees through the Close Process Dashboard. If you missed the session, check out the video and presentation below that covers the Overview RORD Lines Count Export RC adding Overview Revenue Summary Options Updates Reorganization of the Workbench Dropdown Menu Zuora Revenue Close Process Dashboard - What’s New Previously, your Initiate Close Period experience involved a lot of clicking and a lot of scrolling. ...
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Zuora Revenue SSP Analyzer and Sharing Feedback with Zuora

By Lana Lee posted 11-14-2022
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On November 10th, @Nikki Wong , Director Product Management, Revenue was joined by @Kathy Pearson , Director of Revenue Advisory where they gave an overview and demonstration of Zuora Revenue’s SSP Analyzer whose features include: Converting historical data to SSP data points Zuora Revenue Other ERPs User Defined Transactions Type Standalone transactions or all Product families or sales regions Date range (last quarter, last year) User Defined Analysis Type Group by/Stratifications Standard Median Optimizer % of List Price % of any amount/number field Transaction Count Quantity Count Ease Operations Display ...
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Revenue Best Practice: Peek into 10K/10Q and Reduction Orders (RORD)

By Lana Lee posted 10-17-2022
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On October 13, we held a revenue workshop on Reduction Order Lines (RORD). Revenue Product Manager Nikki Wong provided an overview of reduction orders (RORD) with Zuora Revenue that included the following: What is RORD? Who can use RORD? Why use RORD? RORD data RORD accounting RORD allocations Additionally, Nikki gave a Zuora Revenue Tool Tip peeking into 10K/10Q which is the total revenue and booking, revenue by product family and revenue and booking data by customer. Revenue can run on big data so there are no volume limitations. See the tip below: Learn More View Presentation | Watch Full Recording Topics: ...
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