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SBS ARED Cancel Unrecognized Amounts

Use this page to cancel unrecognized amounts for a deferral schedule.

Note icon. Note: Any lines that have already been recognized or stubbed are excluded from this process.

Cancel Unrecognized Amounts

To cancel unrecognized amounts on a deferral schedule, follow these steps: 

  1. From the SBS ARED Deferral Schedules List, select the deferral schedule you want to edit.
  2. From the SBS ARED Deferral Schedules page, select Actions > Cancel > Unrecognized Amounts, which opens the SBS ARED Cancel Unrecognized Amounts 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

Saves any changes, and closes the page.
Cancel

Cancels all changes and closes the page.