if you add a reversal date to a journal entry that...
# ask-stanley-ai
p
if you add a reversal date to a journal entry that has a corresponding revenue arrangement will that get rid of the revenue arrangement?
c
AI generated answer (using internal Slack threads):
Based on the provided Slack threads, adding a reversal date to a journal entry that has a corresponding revenue arrangement will not get rid of the revenue arrangement. The revenue arrangement is linked to the item record sales account on the sales order, and it cannot be changed directly. If you need to change the revenue arrangement, you would need to delete the revenue arrangement, update the revenue recognition rule on the item record (which is tied to your sales order), and then regenerate the revenue arrangement/elements. However, this is only possible if the Revenue Plan has not yet posted any revenue recognition journal entries. If that has happened, your only option is to post reclassification entries. If the revenue arrangement/plan has already been processed, you won't be able to delete it without deleting the journal entry. In this case, if you want to correct the arrangement, you would need to fully bill and credit the original sales order (creating a revenue stream that will reverse the incorrect order along the same time-span/schedule) and then create a new sales order to post correctly. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******
Slack thread 1: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.838710546
Slack thread 2: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.831361115
Slack thread 3: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.817894042
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