Is there anyway to cancel revenue recognition schedules after the revenue has already started to be recognized? This looks like a hole in NetSuite's revenue functionality (although they have covered a ton of use cases).

I don't need to reverse revenue recognized, just not process future revenue. I know that in some limited cases you can line up your credit memo with your invoice schedules to offset but this is not going to work, especially since we need to use revenue commitments.

A simple approach would be to flag the rev schedule as CANCELLED or with a checkbox or something but the fields on the header of rev rec schedules are not manipulable via script (although the line items are). Whatever flag you use would also need to show up in the Create Revenue Recognition Journal Entries page to sort so that you can skip processing those schedules for that month. The Name field was promising as you can edit it in the UI, however when you save the record the name field gets overwritten again with the schedule number.