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Revenue Recognition in New Year Prior to Previous Year and Period Close
Revenue Recognition in New Year Prior to Previous Year and Period Close
Issue/Symptom/Question
The December accounting period and previous fiscal year have not been closed. Can I run Revenue Recognition in the current year?
Applies To
Revenue Recognition
Resolution/Fix/Answer
You can continue to run Revenue Recognition for future periods without running a close (and without closing the FY). You can also reverse them (or not) if you need.
PENTA will calculate earned based on current information, and will run it again when you do close the periods (if option 74 is set to "Y"), using the current information at that time.
, multiple selections available,
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