Issue/Symptom/Question

How can I reverse the rev rec process?

Applies To

PENTA for Windows

Finance & Accounting > Processing > Revenue Recognition

Resolution/Fix/Answer

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

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