How to convert deferred revenue
Hello,
I am trying to figure out how to convert deferred revenue on closed invoices as we are consolidating 2 operating units into 1. In my research I found a note on one way to accomplish this.
https://community.oracle.com/thread/3036041
Essentially, the note said to:
- Create a Transaction Type with 'Open Receivable' set to 'No' and 'Post to GL' as 'Yes'.
- Convert all AR invoices with Deferred Accounting rule but without any open balance
- Create Adjustment for all the converted invoices with no balance. While creating the adjustment you may use the same code combination as the original 'Receivable' account.