How to create AR Inv with line type "unearned rev"
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How to create AR Inv with line type "unearned rev"
Hi,
I need to create a Sales Invoice in AR that should be shown the line type ([[@]] View Accounting) as below
Line Type --------------------- Account----------------Dr-------------Cr
Receivables-------------a/c code combination -----********
unearned revenue----- a/c code combination-------------------********
Anyone can please help me.
Thanks in advance,
Prakash
I need to create a Sales Invoice in AR that should be shown the line type ([[@]] View Accounting) as below
Line Type --------------------- Account----------------Dr-------------Cr
Receivables-------------a/c code combination -----********
unearned revenue----- a/c code combination-------------------********
Anyone can please help me.
Thanks in advance,
Prakash
Hello.
You create deferred accounting rules by selecting the Deferred Revenue
check box in the Invoicing and Accounting Rules window during rule
definition. When you use deferred accounting rules, the Revenue
Recognition program creates a single distribution per line that posts to
an unearned revenue GL account. You later earn the revenue using the
Revenue Accounting wizard.
Octavio
You create deferred accounting rules by selecting the Deferred Revenue
check box in the Invoicing and Accounting Rules window during rule
definition. When you use deferred accounting rules, the Revenue
Recognition program creates a single distribution per line that posts to
an unearned revenue GL account. You later earn the revenue using the
Revenue Accounting wizard.
Octavio
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- Location: India
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- Location: India
hi, invoice rules and accounting rules are optional in ar 11i. so when we have to define these rules can u help on this
[quote]Hello.
You create deferred accounting rules by selecting the Deferred Revenue
check box in the Invoicing and Accounting Rules window during rule
definition. When you use deferred accounting rules, the Revenue
Recognition program creates a single distribution per line that posts to
an unearned revenue GL account. You later earn the revenue using the
Revenue Accounting wizard.
Octavio
<i><div align="right">Originally posted by oteixeira
[quote]Hello.
You create deferred accounting rules by selecting the Deferred Revenue
check box in the Invoicing and Accounting Rules window during rule
definition. When you use deferred accounting rules, the Revenue
Recognition program creates a single distribution per line that posts to
an unearned revenue GL account. You later earn the revenue using the
Revenue Accounting wizard.
Octavio
<i><div align="right">Originally posted by oteixeira
You need to set Accounting Rule (for deffering Revenue) and / or Invoicing Rule (if you need to defer Receivables booking to future period)
after setting up those you would need to create invoice using these rules, depending on your requirement.
Refer AR user guide, it has detailed section for this.
Regards
Mrunal
after setting up those you would need to create invoice using these rules, depending on your requirement.
Refer AR user guide, it has detailed section for this.
Regards
Mrunal
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- Location: India
Hi,
The above accounting entry will be created when an Invoice is created through invoicing rule --> Bills in advance.
When invoice is created in advance:
A/cing entry :
Receivables Dr
Un earned revenue Cr
Invoicing rule can be choosed along with accounting rule.
Accounting rule will be used to derive how the revenue for future periods to be reconginzed
as per accounting rule other account entry gets generated:
Un earned revenue Dr
Revenue Cr
Thanks,
Shanmukh
The above accounting entry will be created when an Invoice is created through invoicing rule --> Bills in advance.
When invoice is created in advance:
A/cing entry :
Receivables Dr
Un earned revenue Cr
Invoicing rule can be choosed along with accounting rule.
Accounting rule will be used to derive how the revenue for future periods to be reconginzed
as per accounting rule other account entry gets generated:
Un earned revenue Dr
Revenue Cr
Thanks,
Shanmukh
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- Posts: 150
- Joined: Wed May 30, 2007 6:05 am
- Location: India
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- Posts: 49
- Joined: Thu Feb 15, 2007 5:57 am
- Location: India
When the Invoice is raised through Invoicing rule, Accounting entry will be generated only when we run the revenue reconginition program.
The second entry also gets generated at the same time when the first entry gets genrated but the GL date will be derived based on the accounting rule selected when the invoice is created
Thanks,
Shanmukh
The second entry also gets generated at the same time when the first entry gets genrated but the GL date will be derived based on the accounting rule selected when the invoice is created
Thanks,
Shanmukh
[quote]Hi,
I need to create a Sales Invoice in AR that should be shown the line type ([[[@]]] View Accounting) as below
Line Type --------------------- Account----------------Dr-------------Cr
Receivables-------------a/c code combination -----********
unearned revenue----- a/c code combination-------------------********
Anyone can please help me.
Thanks in advance,
Prakash
<i><div align="right">Originally posted by dvsprao108
I need to create a Sales Invoice in AR that should be shown the line type ([[[@]]] View Accounting) as below
Line Type --------------------- Account----------------Dr-------------Cr
Receivables-------------a/c code combination -----********
unearned revenue----- a/c code combination-------------------********
Anyone can please help me.
Thanks in advance,
Prakash
<i><div align="right">Originally posted by dvsprao108
Hi Prakash,
Create a memo line with the receivable a/c and unearned revenue a/c. However, the revenue accoutning will not take place in such a case. If you need revenue accouting to happen automatically, define the invoice as an invoice in advance and define the accounts in the autoaccounting.
Regards\
George
[quote][quote]Hi,
I need to create a Sales Invoice in AR that should be shown the line type ([[[[@]]]] View Accounting) as below
Line Type --------------------- Account----------------Dr-------------Cr
Receivables-------------a/c code combination -----********
unearned revenue----- a/c code combination-------------------********
Anyone can please help me.
Thanks in advance,
Prakash
<i><div align="right">Originally posted by dvsprao108
Create a memo line with the receivable a/c and unearned revenue a/c. However, the revenue accoutning will not take place in such a case. If you need revenue accouting to happen automatically, define the invoice as an invoice in advance and define the accounts in the autoaccounting.
Regards\
George
[quote][quote]Hi,
I need to create a Sales Invoice in AR that should be shown the line type ([[[[@]]]] View Accounting) as below
Line Type --------------------- Account----------------Dr-------------Cr
Receivables-------------a/c code combination -----********
unearned revenue----- a/c code combination-------------------********
Anyone can please help me.
Thanks in advance,
Prakash
<i><div align="right">Originally posted by dvsprao108
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