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Rev Rec: Anyone using the Delay Rev Rec check box?
Hi,
My company has recently tried using the "Delay RR" checkbox on the invoice line level, to defer the start of revenue recognition on certain contracts until the completion of consulting services. However it would appear that if you wish to clear the box and start the rev rec, and the posting period for the invoice has already closed, you may need to reopen all the posting periods to simply clear the box.
Wondering if anyone else is using this feature and my theory about reopening the posting periods is accurate, or if there is a way around this. I found Netsuite help topics on how to check/clear the box, but not any mention on what happens if the transactions are in a closed period.
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