Any suggestions for setting up target income accou...
# arm
c
Any suggestions for setting up target income accounts in ARM welcome: my goal is to keep the current income stmt format of gross sales, +- changes in deferred revenue = net revenue. ARM seems to skip posting gross sales and deferred revenue and instead only posts net revenue. Due to mapping issues with other systems, I would like to keep gross sales and def rev on the income stmt. Is there a way to do this without creating an additional (manual) journal entry?
k
manual JEs is the way to go. what you requesting here is not ASC 606, and NS does it by the book going to the balance sheet from P&L
👍 1
c
gotchya. thanks!