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Use this page to process the reverse recognition of several deferral lines for different deferral schedules.
Tip: To process the reverse recognition of lines for a single deferral schedule, use the SBS ARED Deferral Schedule Line Recognition form.
Reverse Recognition of Deferral Revenue
Process the reverse recognition for a deferral schedule:
- Specify the options as needed.
- In the Actions tab, select Recognition Journal > Create or Recognition Journal > Create and Post.
- When you are asked to confirm the action, select Yes.
In particular, specify the Recognition Journal Template and Recognition Journal Batch.
Fields
This page contains the following fields:
| Field | Description |
| Cutoff Date | Specify the date on which to recognize amounts. |
| Description |
Specify a description of the journal that is created. |
| Override Transaction Date |
Indicates whether the transaction date is to be overridden with the transaction date specified on this form:
By default, the date used on the journal voucher is the end date of the deferral schedule line. |
| Transaction Date |
Specify the date on which the recognition voucher is posted for all deferral scheduled lines. Available when Override Transaction Date is
|
| Transaction Date for Closed Periods |
Specify the transaction date for deferral schedule lines that are not in an open or valid period. This date must be within an open fiscal period. Available when Override Transaction Date is |
| Journal Template for Recognition |
Select the template for recognition journal entries. The default value is from the SBS ARED Advanced Revenue & Expense Deferrals Setup page. |
| Journal Batch for Recognition |
Select the template for the recognition batch journal entries. The default value is from the SBS ARED Advanced Revenue & Expense Deferrals Setup page. |
| Lines | |
| Schedule No. |
Displays the deferral schedule number. |
| Line No. |
Displays the sequential line number. |
| Deferral Start Date |
Displays the start date of the deferral schedule. |
| Deferral End Date |
Displays the end date of the deferral schedule. |
| Expiration Date |
Displays the expiration date. |
| Amount |
Displays the deferral amount. |
| Recognized |
Displays whether the line has been recognized or not. |
| Stubbed |
Displays whether the line has been stubbed or not. |
| Item No. |
Displays the item number. |
| Recognition Account |
Displays the account used for the recognition amount. |
| Deferral Account |
Displays the account used for the deferral amount. |
| Transaction Date of Line |
Displays the transaction date. |
| Totals | |
| The column totals show the sum of the schedule lines for each category of amounts: recognition, discount, and COGS. | |
| Recognition Amount | Displays the total recognition amount for all lines. |
| Expiration Amount | Displays the total expiration amount for all lines. |
| Total Amount | Displays the total amount of all lines. |
Display Report After Recognize
A Display Reports After Recognize toggle button has been added to this screen. This button is switched off by default.
After selecting multiple billing schedules and running them in a batch (by pressing the Recognize button):
Button disabled: The report is generated, but it is not displayed. It also won't populate any of the messages.
Button enabled: After the report is generated, the report options screen will be displayed, as shown here:
Buttons
This page contains the following buttons:
| Button | Description |
| OK |
Closes the page. |
| Actions | |
| Process |
Select an action to perform on the selected line:
|
