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what is the process for creating a negative revenu...
# arm
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Peter Spangler
02/23/2022, 6:29 PM
what is the process for creating a negative revenue arrangement from a journal entry? This is possible, yeah?
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Alex K
02/23/2022, 7:48 PM
What is the use case? Any reason you wouldn't create a RMA/Credit Memo?
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Peter Spangler
02/23/2022, 8:32 PM
I am not certain of the use case, client asked if it is possible.
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Rebecca
02/23/2022, 8:36 PM
you can apply Rev Rules to a JE, so if the amount is negative then the Rev Arrangement will be negative as well.
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Luis
02/23/2022, 9:12 PM
Is it really negative? Or you mean the deferred revenue is on the debit side instead of credit side?
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Alex K
02/23/2022, 9:40 PM
Yeah it should be possible, just debit your income account and set the revenue rule at the line level to create a revenue element
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