Question

Reverse Recognized Revenue in the following month automatically

  • 14 April 2024
  • 0 replies
  • 17 views

Userlevel 5
Badge

Hi,

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,

Dulanjana


0 replies

Be the first to reply!

Reply


About Acumatica ERP system
Acumatica Cloud ERP provides the best business management solution for transforming your company to thrive in the new digital economy. Built on a future-proof platform with open architecture for rapid integrations, scalability, and ease of use, Acumatica delivers unparalleled value to small and midmarket organizations. Connected Business. Delivered.
© 2008 — 2024  Acumatica, Inc. All rights reserved