1. Accounts Receivable Implementation Guide
  2. Reversing Revenue Recognition

Reversing Revenue Recognition

Use the Revenue Recognition program (P03B116) to reverse the revenue recognition on an invoice in the revenue recognition process. You can reverse recognition on all types of recognition; recognize less and leave remainder open, recognize less and close the remainder, recognize more, and recognize all.

Review how the system updates tables when you reverse recognition for an invoice:

  • In the F03B116 table, the system resets the values in the following fields of the relevant records: domestic or foreign revenue recognition amounts, remaining amounts, and amounts not recognized, and revenue recognition status.

  • If the invoice recognition is not posted, the system deletes the revenue and COGS G/L entries that were generated by the original recognition process from the F0911 table. The system also deletes the F0911 entries that cleared the PLA, PLA Adjustment, COGS PLA, and COGS PLA Adjustment G/L entries created during the recognition process.

  • If the invoice recognition is posted, the system voids the revenue and COGS G/L entries that were generated by the original recognition process from the F0911 table. The system also voids the F0911 entries that cleared the PLA, PLA Adjustment, COGS PLA, and COGS PLA Adjustment G/L entries created during the recognition process.

  • The system removes relevant records from the F03B117 table.

  • If any lines on the invoice included a schedule, the system removes records from the F03B115 table.