Revenue Recognition Journal Entry Preference

If you use the Revenue Recognition feature, you can choose to post either detailed or summarized revenue recognition journal entries by setting this preference:

• Create Revenue Recognition Journals in GL – Provides a choice for posting revenue recognition journal entries:

  • Detail – A separate journal entry is created for each revenue recognition schedule.

  • Summary – Revenue recognition schedules are summarized for posting. The summaries are based on matching attributes. For details, see Using Summarized Revenue Recognition Journal Entries.

To set this preference, go to Setup > Accounting > Accounting Preferences. It is on the General subtab under Revenue Recognition.

Related Topics

• Journal Entry Preferences
• Void Transactions Using Reversing Journals Preference
• Reversing Journal Entry Accounting Preference
• Require Approvals on Journal Entries Preference
• Use Journal Entry Approval Routing
• Class, Department, Location Journal Entry Preferences

General Notices