We have been live on Vision since Dec 2011. At that time, we never set up the Revenue Generation Function. Our Revenue Method is B and we use Cash not Accrual. I recently noticed a couple of anomalies when reviewing our company’s Project Earnings Report, There were a handful of projects that the Revenue Method was set up as an N and as a result our Revenue and Billings do not equal. I have changed the Revenue Method to B but will I have to run a Rev Gen in order to have this revenue recognized? What are the major impacts/concerns we should consider before running?
A forum for all things related to Accounting.
1 post • Page 1 of 1
Who is online
Users browsing this forum: No registered users and 1 guest