Deferred Revenue - How to Reverse

manually reverse a Deferred Revenue entry

Steps:

• ​To reverse the total of an existing Deferred Revenue transaction go to Accounting / General Ledger / Revenue Tools/Deferred Revenue/ Search Deferred Revenue
• Search for the Deferred Revenue Transaction to be reversed
• Click the DEFERRED REVENUE NO of the transaction to be reversed, this will open the Deferred Revenue form
• Click the REVERSE button NB if the revenue deferral has an automatic release schedule set, then you cannot manually reverse it
• ​Select the date that the reversal is to be created for
• Click OK – you will be returned to the original source transaction.

​How to schedule the reversal of an existing Deferred Revenue transaction

• From within the Deferred Revenue screen Click on the RELEASE SCHEDULE hyperlink
• Enter the Scheduled Release Date/s and the Release percentages
• Click SAVE & CLOSE

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