Issue/Symptom/Question

How can I reverse the rev rec process?

Applies To

PENTA for Windows

Finance & Accounting

Processing

Revenue Recognition

Open the Revenue Recognition window
Enter the Balance Sheet OU and the Date from the last Rev Rec
Hit tab or Enter
In the Popup that opens, change the Reverse field to Y and close the Popup
Hit the Cancel or Delete button on the Toolbar
A message will indicate the last revenue recognition was reversed and ask if you want this revenue recognition to remain reversed
Say Yes to keep the rev rec reversed

If the Cancel or Delete are not completed, closing the window reruns rev rec right away