How to post and unpost an Accrued Revenue transaction

With just a few clicks, you can post or unpost an accrued revenue transaction on our platform.

Post an accrued revenue transaction

Steps:

Navigate to ACCOUNTING > Revenue Tools > Accrued Revenue.
The Search Accrued Revenues page will be displayed.
Use the Filters to narrow down your search, or scroll through the list of ACCRUED REVENUE NO.
Select the unposted Accrued Revenue No. that needs to be posted.
Click POST.
You can also click the box to the left of the accrued revenue number to POST the transaction.
A notification will appear on the bottom of the page confirming the action.

Until an Accrued Revenue Transaction has been posted, it has no accounting impact and is not included in system reports. Once an Accrued Revenue Transaction has been completed and checked, it should be marked as approved, which invokes the following actions:

The accrued revenue transaction is ‘posted’ to the general ledger (a journal entry is created in the general ledger).
The accrued revenue sub-ledger is updated to include the details of the accrued revenue transaction.
The accrued revenue transaction is locked so that it can’t be deleted,

Unpost an accrued revenue transaction

Steps:

Navigate to ACCOUNTING > Revenue Tools > Accrued Revenue.
Use the Filters to narrow down your search, or scroll through the list of ACCRUED REVENUE NO.
By default, the system will show unposted transactions only. Change the SHOW POSTED? filter to Posted Only.
Select the ACCRUED REVENUE NO. that you wish to unpost.
Click UNPOST.
You can also click the box to the left of the ACCRUED REVENUE NO. to UNPOST the transaction.
A notification will appear at the bottom of the page confirming that the transaction has been unposted.