Rollback Revenue Recognition

Explanation

This activity is used to rollback the revenue recognition before creating any vouchers.

Prerequisites

The periodical capitalization and revenue recognition status of the selected project/(s) must be Calculated or Modified (it should not have been acknowledged). 

System Effects

All the revenue recognition results will be removed, and the periodical capitalization and revenue recognition status of the selected project/(s) will become Capitalized. 

Window

Periodical Capitalization and Revenue Recognition Project

Related Window Descriptions

Periodical Capitalization and Revenue Recognition Project

Procedure

Use the following procedure to rollback revenue recognition 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 Calculated/ Modified, right-click and then click Rollback Revenue Recognition. Note: It is possible to rollback revenue recognition of all calculated projects at once by using header level options in the Periodical Capitalization and Revenue Recognition Project window.