Auto-Amortization Reversal — Cloud Customer Connect
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Auto-Amortization Reversal

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edited Dec 15, 2023 1:44PM in Receivables & Collections 3 comments

Summary:

Hi Team,


For some fees such as an annual membership fee, amortization is required (dividing revenue and recording it over 12 months). The amortization time frame can vary and is driven by a Periods feed populated by and sent from ORMB. Recently, there was a requirement to cancel future amortization entries and recognize the revenue immediately.

Please provide us documentation link on "Cancellation/Reversal of Future Amortization entries" or the steps by which we can fix the issue?

Content (please ensure you mask any confidential information):

Hi Team,


For some fees such as an annual membership fee, amortization is required (dividing revenue and recording it over 12 months). The amortization time frame can vary and is driven by a Periods feed populated by and sent from ORMB. Recently, there was a requirement to cancel future amortization entries and recognize the revenue immediately.

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