Dynamics Community Forum Thread Details

PA RR Reversal

Hi All,

I did one Revenue recognition entry in Project Accounting(PA) and posted.

I want to reverse/void it.

There is 1 option available in tools->Utilities->Service Utilities->Revenue Reversal. But when i use this and select year and period it is not showning any RR transactions in the list.

I am using GP10 without any service pack.

Your early reply will be highly appreciated.

Regards

Akbar Khan

Hello,

The area of the system that you are trying to use for reversing revenue recognition is not for Project Accounting, it is for a Field Service Revenue Recognition process. That is why you are not seeing the options that you are expecting to see.

To reverse out a Project Accounting revenue recognition transaction you will need to make sure that you first have the ability to override the recognized amount, then create a new revenue recognition transaction for the negative amount to recognize.

So take the following steps:

1. Go to Microsoft Dynamics GP | Tools | Setup | Project | Billing

2. Click on RR Options

3. Make sure that “Override Recognized Revenue Amount” option is checked

4. Click OK to both the Revenue Recognition Setup Options window and then the Billing Setup window

5. Go to the Revenue Recognition Entry window through Transactions | Project | Billing | Revenue Recognition

6. Enter in the Customer ID with the appropriate dates

7. Add the appropriate Project No. to the transaction

8. Click the Budget expansion arrow

9. On the Revenue Recognition Entry per Budget Item window, enter in the appropriate negative amount under “To Recognize” for each budget line

10. Click OK

11. Post Transaction

If you have further issues with reversing out a revenue recognition transaction, then please open a support incident after first upgrading to the latest build of Dynamics GP 10.0.

Thanks,

Jen

This posting is provided "AS IS" with no warranties, and confers no rights.

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