Reverse Recognized Revenue in the following month automatically

  • 14 April 2024
  • 0 replies

Userlevel 5


I have a requirement to reverse the recognized revenue on the 1st of the following month automatically.

The project is a progress billing project and the company practice is to recognize the revenue based on the cost progress and reverse the recognized revenue entry automatically in the following financial period (Like reversing Journals) 

In the allocation rule, allows to reverse-created transactions on invoice creation/release or never. 

Do you have any idea/experience in handling this requirement?


Best Regards,


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