Deferred Revenue - How to Reverse

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.

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

manually reverse a Deferred Revenue entry