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SBS ARED Cancel Entire Schedule

Use this page to reverse any recognized or stubbed amounts and cancel the deferral schedule to prevent further recognition.

Cancel Deferral Schedule

To cancel an entire deferral schedule, follow these steps: 

  1. From the SBS ARED Deferral Schedules List, select the deferral schedule you want to edit.
  2. On the SBS ARED Deferral Schedules page, select Actions > Cancel > Entire Schedule, which opens the SBS ARED Cancel Entire Schedule page.
  3. Update any of the options as needed.
  4. Select OK.

Fields

This page contains the following fields: 

Field Description
Create Cancellation Entries

Indicate whether the journal entries are created for canceling the unrecognized amounts:

  • Selected: Creates journal entries for canceling the unrecognized amounts.
  • Cleared: Does not create journal entries for canceling the recognized amounts.
General Journal Template

Select the template for the general journal entry.

General Journal Batch

Select the batch for the general journal entry.

Posting Date

Specify the date on which the journal entry is posted.

Revenue Cancellation Account Specify the revenue cancellation account.
Discount Cancellation Account Specify the discount cancellation account.
COGS Cancellation Account Specify the COGS cancellation account.

Buttons

This page contains the following buttons: 

Button Description
OK

Cancels the deferral schedule. During processing the following occurs: 

  • Creates a journal voucher that reverses all recognized and stubbed amounts.
  • Creates another journal voucher that moves the full amounts to the cancellation account.

All vouchers are in the same journal and are on the specified date.

Cancel

Cancels all changes and closes the page.