You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

How to handle this scenario in Oracle Receivables - Accruing/deferring Income on the AR side and the

Received Response
edited Jun 27, 2021 4:53PM in Receivables & Collections 2 comments


Accruing/deferring Income on the AR side and then reversing the accrued income to take into the effect into receivable finally against the revenue.


The accounting entry client has while initiating a contract is as below as they put the revenue into their books in the same month the contract is initiated and instead of accruing the revenue they accrue the receivable side of it.

Accrual Income Dr - 1000

Revenue Cr -1000

Now, the the next month when client receives the invoice, they reverse the accrual income and Dr the receivable. Now the entry is as below:

Receivable Dr - 1000

Howdy, Stranger!

Log In

To view full details, sign in.


Don't have an account? Click here to get started!