Create Revenue Recognition Voucher

Explanation

This activity is used to create a voucher for the recognized revenue. The posting type GP12 is used for recognized revenue, GP 13 is used for recognized costs (only used for projects of the project type Capitalize exp/rev) , GP14 is used for counter accounting of recognized revenue, and GP 15 is used for counter accounting of recognized costs.

The created voucher is instantly reversed with another voucher on the first available voucher date of the next period. 

Prerequisites

The periodical capitalization and revenue recognition status of the selected project/(s) must be Acknowledged. 

System Effects

• Revenue recognition vouchers and reversal vouchers will create per project separately.
• The periodical capitalization and revenue recognition status of the selected project/(s) will have the Posted/Closed status.

Window

Periodical Capitalization and Revenue Recognition Project

Related Window Descriptions

Periodical Capitalization and Revenue Recognition Project

Procedure

Use the following procedure to create voucher from the Periodical Capitalization and Revenue Recognition Project window:

1. Open the Periodical Capitalization and Revenue Recognition window.
2. Select the procedure, right-click and then click Periodical Capitalization and Revenue Recognition Project.
3. Select the project/(s) with status Acknowledged, right-click and then click Create Revenue Recognition Voucher. Note: It is possible to create revenue recognition vouchers for all qualified projects at once by using header level options in the Periodical Capitalization and Revenue Recognition Project window.
4. Change the voucher type for the revenue recognition voucher and the reversal voucher if necessary.
5. Click OK to create the vouchers.