Revenue Accounting Does Not Prorate Deferred Revenue for Credit Memo Across Period Duration
Last updated on AUGUST 25, 2017
Applies to:Oracle Receivables - Version 12.1.3 and later
Information in this document applies to any platform.
You have a Credit Memo which was created against an invoice using deferred revenue.
Invoice has accounting rule period duration of SEP-2013 through SEP-2019
However, you are unable to allocate the deferred revenue journal entries by using "Revenue Accounting"
It is not picking up the invoice accounting and prorating to remaining periods. It is putting lump sum in
the last period, i.e., SEP-2019.
The Revenue Accounting form, when query the credit memo and attempt to Schedule Revenue gives error:
"There is no unearned revenue on this transaction"
Note: the profile option, AR: Use Invoice Accounting, is set to 'Yes', therefore expect the credit
application to prorate across remaining open periods as invoice and not lump in last period.
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