Revenue Adjustment
Hello Developers,
We have a need here to be able to adjust the Accounting Period for
Invoices and Credit Memos as much as a year after they have entered
into receivables. The issue I have encountered is when Accounting has determined that the
"life" or Invoicing Rule for a transaction is not correct and must be
adjusted, from say a 30 month to a 42 month period.
An example: Invoice X contains 1 line and 1 item for $2000 which is recognized using an accounting rule of 30 months that began 01-MAR-2008.
Accounting would like to now change the invoicing rule to 42 months starting 01-NOV-2008.
These transactions would have had Revenue Recognition run and are interfaced to the General Ledger!
An example: Invoice X contains 1 line and 1 item for $2000 which is recognized using an accounting rule of 30 months that began 01-MAR-2008.
Accounting would like to now change the invoicing rule to 42 months starting 01-NOV-2008.
These transactions would have had Revenue Recognition run and are interfaced to the General Ledger!
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