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 status of the periodical Capitalization and Revenue Recognition procedure must be Acknowledged. 

System Effects

The periodical capitalization and revenue recognition procedure will have the Posted/Closed status.

Window

Periodical Capitalization and Revenue Recognition
Revenue Recognition Project

Related Window Descriptions

Periodical Capitalization and Revenue Recognition
Revenue Recognition Project

Procedure

  1. Open the Periodical Capitalization and Revenue Recognition window.
  2. Select the procedure, right-click and then click Create Voucher. Or in the Revenue Recognition Project window, right-click in the header part of the window and then click Create Voucher.
  3. Change the voucher type for the revenue recognition voucher and the reversal voucher if necessary.
  4. Click OK to create the vouchers.