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ARM Module how to update Total Recognized Amount
We would like to seek your guidance on an issue we are encountering in the Revenue Arrangement module.
We have Sales Orders that were fully or partially recognized prior to the NetSuite implementation. As a result, these Sales Orders are still appearing as backlog in the Revenue Arrangement backlog reports, which is causing discrepancies from a reporting and reconciliation perspective.
We would like to understand the recommended approach to properly reflect or reconcile these Sales Orders in NetSuite.
For example: This SO was fully recognized prior NetSuite so Total Amount Recognized show as the Total Amount Deferred and Total Amount Deferred is 0. How to make this adjustment without GL impacting adjustment.
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