Rev Gen Question

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Rev Gen Question

Postby Kimc@rfs » Tue Aug 15, 2017 8:53 am

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?

Thank you!

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