In Fall 2020, the Bookings Object was generally released. When an Opportunity is Booked, the application will automatically apportion Booking Values for ARR, CMRR and NRR into the appropriate buckets.
The Bookings "buckets" are:
- New
- Incremental
- Renewal
- Non-Recurring
| Bucket | How it applies | Transaction Types it applies to. |
| New | All new Logo Deals | New Business |
| Incremental | Any add-on business, and the Uplift portion of the "Expected" Amount of a Renewal. | Renewals, Existing Business |
| Renewal | Less than or Equal to the "Expected Amount" of a renewal. This will never be greater than the Expected ACV of a renewal. | Renewals |
| Non-Recurring | Only Products flagged as Recurring = False will be included. | New Business, Renewals, Existing Business |
| The Bookings Functionality is enabled using the "Create Bookings" setting of the Transaction Management custom setting. For backfill of values, the Process Records utility can be used to update historical transactions. |