Reverse Revenue Recognition
Reverse Revenue Recognition
Issue/Symptom/Question
How can I reverse the rev rec process?
Applies To
PENTA for Windows
Finance & Accounting > Processing > Revenue Recognition
Resolution/Fix/Answer
- 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
, multiple selections available,
Related content
Reverse Revenue Recognition Process
Reverse Revenue Recognition Process
More like this
Unable to reverse revenue recognition process
Unable to reverse revenue recognition process
More like this
What does Automatically reverse entire revenue recognition process (Y/N) do during the Rev Rec process?
What does Automatically reverse entire revenue recognition process (Y/N) do during the Rev Rec process?
More like this
Revenue Recognition Method - Accrued Earned on Unbilled Cost for Work Orders
Revenue Recognition Method - Accrued Earned on Unbilled Cost for Work Orders
Read with this
Work In Process Subledger-Revn report not returning the correct Revenue Recognition results
Work In Process Subledger-Revn report not returning the correct Revenue Recognition results
More like this
Reverse a System Generated Invoice
Reverse a System Generated Invoice
More like this