Receivables - EBS (MOSC)

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clarification on unearned revenue related transaction

in Receivables - EBS (MOSC) Question

Hi Guru's,

We are using the revenue recognition functionality in AR and following the financial year calendar of JAN to DEC with 12 period fixed schedules.

Suppose our bill contract is 1200/- per year but we forgot to enter in jan period and we have to record this in june month, we are using “In advance” invoicing rule. 

In this scenario, actual revenue from JAN to MAY should have been recognized but we forgot to enter in AR so we have to enter this in the latest open period (i.e. june) only. How do we able to record this scenario, could you please explain.

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