How to Recognize Revenue for Events with Security Deposits
(Doc ID 1943822.1)
Last updated on AUGUST 24, 2020
Applies to:Oracle Fusion Receivables Cloud Service - Version 188.8.131.52.0 and later
Oracle Fusion Receivables - Version 184.108.40.206.0 and later
Information in this document applies to any platform.
Recognizing Revenue for Events
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.
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