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Mid month close
Hi
We have to prepare a mid month close. So I have done the below:
1. Renamed base period June 2021 to Jun 2021-1
2. Changed end date of Jun 2021-1 to 17/6/2021
3. Created a new base period called Jun 2021-2, with start date 18/6/2021 to 30/6/2021.
We use advanced revenue management, the fixed asset module and deferred expenses and I am looking for some tricks to update these for the new periods.
Advanced revenue management
For revenue recognition, a portion needs to be allocated to Jun 2021-2. Existing revenue recognition plans are allocating the entire June revenue to Jun 2021-1.
I did the following;
- Transactions - financial - recalculate revenue forecast plans
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