Understanding the End of Period Unrecognized Revenue
You use the End of Period Unrecognized Revenue program (R54R402) to report the rental revenue that is not yet billed by the Rental Contract Billing Workfile Generation program (R54R300). This report enables a rental business to record as much profit as possible in the company's income statements. If you run the Rental Contract Billing Workfile Generation program on the 10th of each month, the financial statement for the current billing month only includes the rental revenue for the 1st through the 10th of that month. The End of Period Unrecognized Revenue report records the rental revenue from the 11th through the end of the month.
The End of Period Unrecognized Revenue program totals and prints the unrecognized revenue for rental contracts by customer within a business unit. The system prints reservation contracts and indicates in the report that the contract is a reservation contract.
You can export the R54R402 report to a CSV format and then import the data to manually create journal entries.