suppose, if in rule deferred box is checked, in this case future invoices will not create? means all amount will go into deferred revenue and have to manually pass entries every month to recognize revenue from defrred amount, is this correct?
15:06, there is an message saying the accounting period is not an open or future enterable period. When we generate these revenue schedule for future period, how are we going to handing these accounting error?
You need to set your Ledger to have like 24 "Future" periods (its a field you put a number in for the ledger details, and can be updated after creating the ledger BTW) or however long in the future your business sells a subscription for so that accounting can see it has "Future Enterable" periods for the life of the subscription.
Why is there no reporting for accountants to understand what the balance for deferred revenue is comprised of? Was hoping this video would finish by showing the data in a report, but no...just the Draft Accounting output popup..... not slamming this video, but am not happy with Oracle for not providing a standard report to answer and assist the accountants to have this detail readily available.
suppose, if in rule deferred box is checked, in this case future invoices will not create? means all amount will go into deferred revenue and have to manually pass entries every month to recognize revenue from defrred amount, is this correct?
Is all 6 month periods should be opened or future enterable in this case? otherwise accounting entry will fail
yes
15:06, there is an message saying the accounting period is not an open or future enterable period. When we generate these revenue schedule for future period, how are we going to handing these accounting error?
You need to set your Ledger to have like 24 "Future" periods (its a field you put a number in for the ledger details, and can be updated after creating the ledger BTW) or however long in the future your business sells a subscription for so that accounting can see it has "Future Enterable" periods for the life of the subscription.
What about accounting rule entries with examples
Accounting rule is ebs is called Revenue schedule rule in fusion
Hi srini,
Thanks for sharing video but your voice bit low and background music high.
Hi sir can you please do a session on customer bill to and ship to address on AR invoice
sure
Why is there no reporting for accountants to understand what the balance for deferred revenue is comprised of? Was hoping this video would finish by showing the data in a report, but no...just the Draft Accounting output popup..... not slamming this video, but am not happy with Oracle for not providing a standard report to answer and assist the accountants to have this detail readily available.