Discussions
Stay up-to-date with the latest news from NetSuite. You’ll be in the know about how to connect with peers and take your business to new heights at our virtual, in-person, on demand events, and much more.
Now is the time to ask your NetSuite-savvy friends and colleagues to join the NetSuite Support Community! Refer now! Click here to watch and learn more!
Update your Profile with your Support type to get your Support Type badge.
Expand your NetSuite knowledge by joining our Ask A Guru Live sessions. RSVP on this event now.
Make Your Voice Heard: What Tech & ERP Topics Should We Explore in our Next Webinar?? We’re all ears! Vote now, and the poll runs until January. Poll for ERP | Poll for Tech.
Uncover the power of data with the Analytics Hub —your ultimate guide to mastering NetSuite Saved Searches and Reports. Simplify the complex and unlock your organization's true potential. Dive into the Analytics Hub now and soar to new heights!
SuiteWorld 2025 registration is officially OPEN
SuiteWorld is the largest annual gathering of the NetSuite community! It will be held in Las Vegas on October 6-9, 2025. Our customers and partners look forward to SuiteWorld every year as a place to hear the latest from NetSuite, get hands-on learning, and connect with each other. Register now!
SuiteWorld is the largest annual gathering of the NetSuite community! It will be held in Las Vegas on October 6-9, 2025. Our customers and partners look forward to SuiteWorld every year as a place to hear the latest from NetSuite, get hands-on learning, and connect with each other. Register now!
NSC | Percentage Recognized in Period Exceeds 100%
Customers notice that the total calculation of % Recognized in Period in Revenue Plan has gone beyond 100%. They want to figure out why it happened or what caused it as any changes in the amount could lead to inaccurate financial reporting.
An explanation on possible reason why this happened is:
- Revenue Arrangement was created from the source transaction.
- The whole amount (i.e. USD 1,000) from the source transaction was billed.
- Revenue Recognition Journal Entry was generated for the whole amount as well.
- Amount in source transaction was edited and changed to a lower one (i.e. USD 800) instead.
- Revenue Arrangement and Revenue Plan got updated.
Tagged:
0