Announcement:
wanna exchange links? contact me at sapchatroom@gmail.com.
Posted by
Admin at
Reply from sridharca on Jan 9 at 1:31 PM It is automatic- you have to include an accrual condition type in the pricing procedure and configure account determination to post this entry at the time of billing.
Sridhar
| | | ---------------Original Message---------------
From: Amy A
Sent: Friday, January 06, 2012 5:32 PM
Subject: Revenue and COGS Cancellation and Reposting for Revenue Recognition Contracts
Hello,
I have a question relating to revenue recognition related contracts. For some of the contracts, revenue recognition and COGS is posted but both revenue and COGS needs to be deferred for various reasons such as customer acceptance not received, etc. at the month end. Current process is to reverse both revenue and COGS manually by journal entry. Then, re-post to revenue and COGS in future months by way of journal entry. Are there any options to automate reversal of revenue recognised and COGS and then automate re-posting of revenue and COGS?
Thanks,
Amy |
| Reply to this email to post your response. __.____._ |   _.____.__ |
