Summarized Reclassification Journal Entries
In Advanced Revenue Management (Essentials), the accounting preference Create Revenue Journals in GL applies to reclassification journal entries as well as monthly revenue posting. For information about summarized revenue recognition journal entries, see Summarized Revenue Recognition Journal Entries.
When you select the Detail option and run the reclassification process, one detailed journal entry is created for each type of reclassification. Each carve in/carve out adjustment and each foreign currency adjustment includes a debit and credit line for each revenue element. Each line of these journals includes the revenue arrangement and revenue element number in the Memo field. For deferred revenue accounts, the unbilled receivable adjustment includes the revenue arrangement, revenue element, or sub-arrangement group, depending on your grouping accounting preference. For details, see Groupings for Unbilled Receivable Adjustment Journal Entries.
When you select the Summary option and run reclassification, the lines of each reclassification journal entry are summarized and posted based on the following attributes:
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Posting Period
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Subsidiary – for OneWorld accounts
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Accounting Book – when the Multi-Book Accounting feature is enabled. For more information, see Multi-Book Accounting Overview.
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Account
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Eliminate – when the Automated Intercompany Management feature is enabled. For more information, see Automated Intercompany Management
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Class
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Department
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Location
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Custom Segment – when the Custom Segments feature is enabled. For more information about Class, Department, Location, and Custom Segment, see Classifications Overview.
A Details column is added to the summarized journal entry. This column displays a link with the number of rows included in the line. When you click the link in the Details column of a summary journal entry, a popup window opens with the details. The details window includes links to the revenue arrangement and other related records. Detail links are created only when multiple elements or arrangements are included in the line.
Intercompany customers are summarized separately from other customers. However, if an intercompany customer has multiple lines, those lines are also summarized.