Revenue Recognition - when Start date is back dated
I have a business requirement to be able to perform 'accelarated Revenue Recognition'
i,e The sys date is 29-JAn-2013
The GL is closed upto Dec -2012
When the transaction is entered I let the tran date and GL date to default to sys date but the accounting rule start date is updated to 29-Sep-2012
The invoicing rule is 'In Advance'
and the accounting rule applied is 'Month , 1 year' with the type of Fixed schedule
I expected the revenue recognition program to calculate the unearned revenue for 4 months in the month of January 2013 (i.e Sep 2012, Oct 2012, Nov 2012, Dec 2012) but instead the revenue was recognised over the past 4 months period and the future 8 months periods with the GL dates in those respective periods , however GL is closed for the past periods.