Deferred Revenue - How to Reverse

Step by Step Guide:

1. Navigate to Accounting > Revenue Tools > Deferred Revenue

2. Search for the Deferred Revenue Transaction to be reversed

3. Click the DEFERRED REVENUE NO of the transaction to be reversed, this will open the Deferred Revenue form

4. Click the REVERSE button NB if the revenue deferral has an automatic release schedule set, then you cannot manually reverse it

5. Select the date that the reversal is to be created for

6. Click SAVE – you will be returned to the original source transaction.

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

7. From within the Deferred Revenue screen Click on the RELEASE SCHEDULE hyperlink

8. Enter the Scheduled Release Date/s and the Release percentages

9. Click SAVE & CLOSE