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ARM: Create Revenue Journals in GL: difference between Detail and Summary preference

edited Jun 3, 2022 5:14PM in Accounting / ERP

There is an accounting preference called: Create Revenue Journals in GL in which users can select how the Revenue Recognition & Reclassification Journal Entries are created. This preference can be found via Set Up > Accounting > Accounting preferences > General tab > Revenue Recognition section. You can choose either Summary or Detail.


When you select the Summary option, journal entries are summarized when they are created based on the following attributes:

  • Subsidiary
  • Posting Period
  • Accounting Book
  • Account
  • Class
  • Department
  • Location
  • Custom Segment

Revenue recognition and reclassification are summarized for posting, thus for example Entity names will not appear in the Revenue Recognition Journal Entry's Name column. In the example below, the generated Rev Rec JE is for multiple Revenue Plans:

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