Editing the Deferred Revenue Recognition Schedule Details

Prerequisites

To edit the details of the deferred revenue recognition schedule, you should have:

  • Should have Allow Editing Switch as Yes on deferred revenue recognition template.

Procedure

To edit the details of the deferred revenue recognition schedule:

  1. Search for the deferred revenue recognition in the Deferred Revenue Recognition screen.
  2. In the Search Results section, click the link in the Deferred Revenue Recognition Information column corresponding to the deferred revenue recognition whose deferred revenue recognition schedule details you want to edit.

    The Deferred Revenue Recognition screen appears.

  3. Select the recognition whose details you want to edit in the Recognition Schedule zone and click the Edit button available in the upper left corner above the table in this zone.
    The Edit Recognition Schedule screen appears.
    Note: A recognition schedule from the deferred revenue recognition can be edited when the deferred revenue recognition is in the Active status.

    The Edit Recognition Schedule screen contains the following fields:

    Field Name Field Description
    Deferred Revenue Recognition Information Displays the information about the deferred revenue recognition.
    Financial Transaction Information Displays the information of the financial transaction corresponding to the deferred revenue recognition.

    In addition to these fields, this screen contains following columns:

    Column Name Column Description Mandatory (Yes or No)
    Recognition Date Used to display the date on which the deferred revenue is recognized. Yes
    Recognition Amount Used to display the amount of the deferred revenue. Yes
    Adjustment ID Used to display the adjustment id. Not applicable
  4. Modify the details of the recognition schedule.
  5. If you want to define more than one recognition schedule for the deferred revenue recognition, click the Add (The Add Icon) icon and then repeat step 4.
    Note: However, if you want to remove a recognition schedule from the deferred revenue recognition, click the Delete (The Delete Icon) icon corresponding to the recognition schedule.
  6. Click Save.
    The changes made to the recognition schedule are saved.

Related Topics

For more information on... See...
Recognition Schedule zone Recognition Schedule
How to search for a deferred revenue recognition Searching for a Deferred Revenue Recognition