Create Revenue Recognition Voucher
Explanation
This activity is used to create a voucher for the
recognized revenue.
The posting
type GP12 is used for recognized revenue, GP 13 is used for recognized costs
(only used for projects of the project type Capitalize exp/rev) , GP14 is used for
counter accounting of recognized revenue, and GP 15 is used for counter accounting of
recognized costs.
The created voucher is instantly reversed with another voucher on the first
available voucher date of the next period.
Prerequisites
The periodical capitalization and revenue recognition status of the selected
project/(s) must be
Acknowledged.
System Effects
- Revenue recognition vouchers and reversal vouchers will create per project
separately.
- The periodical capitalization and revenue recognition status of the selected
project/(s) will have the
Posted/Closed status.
Window
Periodical Capitalization and Revenue
Recognition Project
Related Window Descriptions
Periodical
Capitalization and Revenue Recognition Project
Procedure
Use the following procedure to create voucher from the Periodical Capitalization and Revenue
Recognition Project window:
- Open the Periodical Capitalization and Revenue
Recognition window.
- Select the procedure, right-click and then
click
Periodical
Capitalization and Revenue Recognition Project.
- Select the
project/(s) with status Acknowledged, right-click and then click
Create Revenue Recognition Voucher.
Note: It is possible to create revenue recognition vouchers for all
qualified projects at once by using header level options in the
Periodical
Capitalization and Revenue Recognition Project window.
- Change the voucher type for the revenue
recognition voucher and the reversal voucher if necessary.
- Click OK to create the vouchers.