Question: has anyone come across a scenario where revenue has already been posted, but a revenue arrangement needs to be edited? We have posted revenue for the month but haven’t yet closed the books. We need to change the end date on an RA which would change the amount of revenue posted for the month. Is best practice to reject the JE with the revenue posting, edit the RA, save and reallocate and then re-run revenue posting process?

The best practices would be to update the source transaction first. Mind you, you can only update amount and quantity from the source transaction that will flow into RA systematically. If you still need to update dates (and some other data) I suggest updating both source transaction and RA manually. Then rerun RA/plans and this should re-allocate rev as well. Then book the second rev journal. And, of course, do not forget to run reclass journal 🙂

Thanks Karina, since our books are not closed, can we just delete the existing JE, update the source transaction and RA, update revenue plans and then re-run the JE creation process?

@NCS92 - sure, this would work, too, definitely, cleaner

Thank you!