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AR and RMCS Accounting Conflict on Double Revenue Recognition — Cloud Customer Connect
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AR and RMCS Accounting Conflict on Double Revenue Recognition

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Summary:

Oracle mentioned in one of its note saying:

AR will continue to generate accounting as it does with or without RMCS integration. There is no feature available in AR to derive accounting in a different way. The Revenue recognition needs to happen in AR too.

Now customers are expected to create a custom SLA rule for AR to replace the regular Revenue accounting generated in AR (derived from AutoAccounting Rules setup) with the Revenue Clearing Account that is setup on Fusion VRM System Options (task Manage System Options for Revenue Management). This will get correct accounting entries to the GL for such invoices that are also transferred to RMCS for accounting.

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