Financial - JDE1 (MOSC)

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Adjust AR Invoice for Amount not recognised

edited Jun 1, 2017 8:14AM in Financial - JDE1 (MOSC) 12 commentsAnswered

Hello Everyone!

Greetings!

I am working on 9.2 and using one of the feature of AR called Revenue Recognition.

We have scenario where, AR is create for 12750. And when we process Revenue Recognition and Recognition is done only for 12000, whereas 750 was not recognized. As per setups following entry has been generated.

Invoice Posting.

AR Trade A/C Dr 12750 (AAI RCXXXX)

PLA A/c Cr 12750 (AAI RPXXXX)

During Revenue Recognition we got following entry

PLA A/c Dr 12750 (AAI RPXXXX)

Sales A/c Cr 12000 (GL Distribution)

PLA Adjustment A/c Cr (AAI ROXXXX)

Revenue Recognition status is 3 (Completed).

Now, here our Sales is 12000, where as AR is 12750. If I understood correctly, then my AR should be 12000 as Customer will pay only for the Amount recognised. If my understanding is correct, then can you please suggest how we can make necessary adjustment in AR (P03B2002) and GL so that we have Sales and AR in sync.

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