Hi all, can you create journal entries with Rev rec start/end dates and create Rev arrangements from this JE?
k
Karina
12/30/2020, 9:45 PM
yes, sure you can
s
Sue Bhuvan
12/31/2020, 2:19 PM
Hi @Karina Thanks. But I see the Rev Rec Rule field greyed out. So how do we specify to NS which rule to use? p.s. I'm using STD Rev Rec JE form.
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shamwow19
01/04/2021, 2:57 AM
@Sue Bhuvan you are using an account which is marked as deferred revenue in the JE’s?
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Sue Bhuvan
01/04/2021, 2:01 PM
@shamwow19 yes. Cr. Def rev acct, and Dr. an openingbalance acct. The only way I could do this was by using amortization schedule. I thought there was a way to use Rev Rec rule?
k
Karina
01/06/2021, 8:01 PM
There is a different field for rev rec schedule and the associated dates