Hello - I accidentally recognized revenue for orders that should have been closed out. What should I do to fix this? We have not closed the period yet. I know we can still adjust the amounts on the journal entry for the recognized revenue, but the revenue arrangement is showing as completed for the order.

Go to plan and set whole amount in next period release the next period journal for closed journals and change date to this period and tick reversal and set date in the same period. Dr and cr will balance in same period.

Are you referring to the Forecast line item in "view revenue plans" for the closed item?

Actual plan. You might have set accounting preference so that you can edit actual plans.

I can click Edit for Actual plans but I can only update the lines that were not recognized yet.