How to Recognize Revenue for Events with Security Deposits (Doc ID 1943822.1)

Last updated on NOVEMBER 11, 2014

Applies to:

Oracle Fusion Receivables Cloud Service - Version 11.1.7.0.0 and later
Oracle Fusion Receivables - Version 11.1.7.0.0 and later
Information in this document applies to any platform.

Goal

Recognizing Revenue for Events
-Event Fee
-AV Fee
-Security Fee

Invoice is entered with monies due either immediately, 20 days prior or 10 days prior to the event
Deferred Event Revenue Account for Rentals is Credited.

Once Events Occurs Need All lines to Debit Deferred Event Revenue Account, Credit Event Revenue. That can be done with a Transaction Type and Contingency Rule
the issue is that the Security Fee needs to go from the Deferred Event Revenue Account to a Deferred Security Account.

 

Solution

Sign In with your My Oracle Support account

Don't have a My Oracle Support account? Click to get started

My Oracle Support provides customers with access to over a
Million Knowledge Articles and hundreds of Community platforms