Defining a Journal Generator Template for Unbilled Revenue Accrual

In addition to establishing a regular Journal Generator template for regular revenue, set up a Journal Generator template that automatically reverses accrual entries at the beginning or at the end of the next accounting period. Use this additional template solely for posting accrued revenue accounting entries. The system keeps track of when you actually invoiced the customer and prevents double booking of revenues in the same accounting period.

Use the Journal Generator Template page to set up an autoreversing Journal Generator template. For the unbilled revenue accrual template, select as the reversal code Beginning of Period or End of Next Period.