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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

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

Thanks octavo..

Can u please explian bit clearly how the unearned revenue will generate as revenue..

Hello
Navigate to Setup/Transactions/Accounting Rules and create your autoaccounting rule by checking the checkbox Deferred Revenue.
Navigate to Setup/Transactions/Autoinvoice/Grouping Rules and create your grouping rule using the Line Ordering rule created in the previous step.

Octavio

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

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

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

Thanks Shanmukh

To generate second enry we need to run the revenue recognition program?

pls confirm

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

[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

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

Dear Member,

The question you are asking for Unerned Revenue?
Then the answer is
"You do this by choosing the Revenue account on the transaction type set for transaction type of deposit or guarantee. It will wash to zero."

Regards
Peri