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Revenue Recognition - Moving to new Subsidiary
Looking for a Rev Rec Expert!
We are in One World, consolidating one Subsidiary to another by a specific date. We are trying to move only open transactions, and allow users the ability to look at the closed Subsidiary for history.
Transactions are easy enough...But...
How can we move all our Rev Rec Schedules and Ammortization Schedules in progress from one Subsidiary to another?
We had no plans of moving moving Invoices that were not OPEN. Is that the answer, moving invoices that are still recognizing revenue also?
Or do we put Journal Entries with Rev Recs against the deferred accounts.
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