close sales order but still able to generate reven...
# ask-stanley-ai
j
close sales order but still able to generate revenue recognition journal entry?
c
AI generated answer (using internal Slack threads):
Based on the conversations, it seems that revenue recognition in NetSuite is typically tied to the invoice or cash sale, not the sales order. A sales order is a non-posting transaction, meaning it does not have an immediate accounting impact. Revenue is usually recognized when payment is received or when a cash sale is recorded. However, if revenue was recognized in error for a sales order that should have been closed, you can adjust the amounts on the journal entry for the recognized revenue. You can go to the plan and set the whole amount in the next period, release the next period journal for closed journals, and change the date to the current period. You can also tick reversal and set the date in the same period. This way, the debit and credit will balance in the same period. If you need to split an invoice into multiple invoices for different fulfillments, you can credit out the old invoice with a credit memo, closing that liability, and then create new invoices for each fulfillment. However, this might make it look like the original sales order was fully billed. ****** 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: 0.843017697
Slack thread 2: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.831054747
Slack thread 3: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.823059082
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