Editing a Revenue Recognition Schedule

Note:

This topic applies to the Revenue Recognition feature. Revenue Recognition is the key feature of NetSuite classic revenue recognition. Classic revenue recognition features are not available in new NetSuite implementations. Classic revenue recognition (also called legacy revenue recognition) is still supported for customers who previously enabled it. NetSuite currently offers the Advanced Revenue Management (Essentials) feature to automate revenue deferral and recognition. For equivalent information about the current feature, see Editing Revenue Recognition Plans.

Depending on your setting for the preference Allow Users to Modify Revenue Recognition Schedules, you can change schedules after they are created. For more information on this preference, read Setting Revenue Recognition Accounting Preferences.

To change the start or end dates of a revenue recognition schedule, or to put the schedule on hold, use the Manage Revenue Recognition page. For instructions to access this page, see Managing Revenue Recognition.

On the revenue recognition schedule record, you can change the name of the revenue recognition schedule and change values in schedule lines before revenue is recognized.

To edit a revenue recognition schedule:

Go to Lists > Accounting > Revenue Recognition Schedules.

You can filter the list by Posting Period, Statue, and Transaction Type to reduce the number of revenue recognition schedules listed.
Click Edit next to the schedule you want to edit.
Enter a new Name if desired.
In the schedule lines, click in the field you want to change to begin editing, and click OK when you are finished with that line.

The following fields if revenue has not yet been recognized:
- Account – Income account that this line's revenue amount posts to when it is recognized. By default this is the income account specified on the item record.
- Posting Period – Period in which revenue for this line is scheduled to be recognized.
  
  Periods that are locked for A/R are generally not available to select as posting periods. Those with the Administrator role or a custom role with the Override Period Restrictions permission may select periods that are locked.
- Is Recognized – Check this box to indicate that the revenue amount on the line has been recognized by a manual journal entry outside the revenue recognition journal entry process. The schedule is not included on the Create Revenue Recognition Journal Entry page for the specified period when this box is checked.
  
  If you check this box, be sure that the manual journal entry to recognize the revenue amount has been created, or create the journal entry as the next step in your process. When the Revenue Commitments feature is enabled, lines with this box checked are considered in deferred revenue reclassification.
- Amount – Amount to be recognized for this line of the schedule.
  
  The total schedule amount must equal the sales amount or the VSOE allocation amount on the line in the source transaction.
Click Save.

To edit a revenue recognition schedule:

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