Subledger Rules for Receivables.

Summary:

One of the client (as well as most government entities) recognized revenue when “Received” not when “Earned”. When AR was set up – it was set up on the accrual basis of accounting. We report our governmental fund statements on the modified accrual basis of accounting. Revenues are considered to be available when they are collectible within the current period. Is it possible to reconfigure to use the Modified Accrual Basis even though we are already in Production with Accrual Basis?

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