Editing a Revenue Recognition Journal Entry
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 an Advanced Revenue Recognition Journal Entry.
You may edit journal entries created from revenue recognition schedules. These changes do not alter the revenue recognition schedule. Journal entries that you edit remain linked to the revenue recognition schedule that generated the original entry.
Some edits, however, could introduce inaccuracies in the revenue recognition reports. For this reason, you cannot change accounts, amounts, segments, and some other information on revenue recognition journals. For example, if you set the class, location, or department for a source transaction, such as an invoice, and then change those settings on the revenue recognition journal entry, your deferred revenue balances are classified differently than your revenue balances.
To edit the fields on a revenue recognition journal entry that are unavailable, you should enter a journal entry at each month-end to reclassify balances. These balances are easier to track and do not affect the revenue recognition reports.
To edit a journal entry created from a Revenue Recognition schedule:
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Go to Transactions > Financial > Create Revenue Recognition Journal Entries > Status.
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Click the link in the Submission Status column to open the page Journal Entries Created from Revenue Recognition Schedules.
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Click the link in the Journal column to display the journal entry record.
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Edit the available fields on the original journal entry.
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Click Save.