Creating Revenue Commitment Reversals

Important:

The functions discussed in this topic require the Revenue Commitments feature to be enabled.

If a revenue commitment cannot be invoiced, or the revenue and unbilled receivable must be reversed for some reason, a user with sufficient permission must reverse the revenue commitment.

A revenue commitment reversal transaction posts a journal entry like the following:

Debit: Revenue 10,000

Credit: Unbilled Receivables 10,000

To create a revenue commitment reversal, a return authorization must exist for the revenue commitment. That return authorization provides the initial data used to populate the revenue commitment reversal.

If you choose to reverse revenue for a return authorization by using a revenue commitment reversal, the revenue for all lines on that return authorization must be reversed using a revenue commitment reversal. After you reverse any revenue from a return authorization using a revenue commitment reversal, you cannot change the return authorization unless you first delete the revenue commitment reversal.

A revenue commitment reversal can be created:

Directly from the return authorization by clicking Reverse Revenue. See Creating a Revenue Commitment Reversal from a Return Authorization.
Indirectly from the Generate Revenue Commitment Reversals page. See Using the Generate Revenue Commitment Reversals Page.

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