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Action Required: Review and submit pending reconciliation matches before the NetSuite upgrade to avoid rework. After 26.2, unsubmitted matches will be unmatched. For more details, see SuiteAnswers 1047397

Revenue Recognition

edited Aug 16, 2023 5:16PM in Ask A Guru 7 comments

I can't seem to figure out how to get the revenue to post for an item that I created.

I had to create an invoice for a sublease (not our normal business), so I created an item to put on the invoice called Sublease. Because all our other items were created to have Revenue Recognition Plans, I ended up using the same defaults for this one. Now I have an invoice that credited the Deferred Revenue GL and I can't get an entry to appear for the month to recognize the revenue as income.

I can see that the Invoice created a revenue arrangement. And the revenue arrangement has a revenue element. But when I open the revenue element, it says the Revenue Plan Status is Not Started. I'm guessing that's why nothing comes up when I try to create Rev Rec JE's.

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