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Revenue recognition

in Ask A Guru 3 comments

Currently our system is recognising subscription based revenue based on the start and end dates entered within a sales order. This feeds onto the revenue arrangement from which the plan is generated. If these dates are corrected retrospectively after the first journal has been posted on the existing plan our system prorates the remaining revenue (if any at all) over the corrected period. 


We want the system to post a journal that would correct the over recognition to date as illustrated above.

Kind regards,

Victor Goncalves

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