To access the Revenue Recognitions document list, go to Accounting > Deferrals > Revenue Recognitions.

The Revenue Recognition list

The Deferred Revenue Recognition list includes all the Deferred Revenue Recognition documents available in the system. If you don't see a specific document, rearrange the list by date or document number or use the Search field to locate the document by a string in its description, company name, or contract number. You can change the list display settings to suit your particular needs. To learn more about the list display settings, see Working with the item list.

Generally, Revenue Recognition is a document that the Month-End Closing procedure generates for each entity if the Calculate Current Revenues for Deferrals option is selected on the Accounting > Service Tools > Month-End Closing form. The generated document lists available deferred revenues with the By Month and By Calendar Days calculation methods for which the partial amounts calculated by the appropriate method should be recognized as actual revenues incurred in the current financial period.

Also, there can be manually created documents of the Revenue Recognition type—generally, such documents are created for deferred revenues with the Manual calculation method. For such deferred revenues, you create a Revenue Recognition document each month when you should recognize specific amounts as current revenues.

A check box in the Manual Processing column indicates that the corresponding document should be manually processed (posted).

To manually create a new document of the Revenue Adjustment type, click the Create button on the toolbar.

To edit an existing document, double-click the line with the document in the Revenue Recognitions list. You can also select the line, right-click it, and select Edit or click More actions > Edit on the toolbar. For descriptions of other buttons, refer to List Toolbar.

See also