Revenue Policy Gives Unexpected Revenue/Unearned-Revenue Accounting
(Doc ID 401854.1)
Last updated on JUNE 05, 2018
Applies to:Oracle Receivables - Version: 22.214.171.124 to 126.96.36.199 - Release: 11.5.10 to 11.5.10
Information in this document applies to any platform.
EXECUTABLE:RAXTRX - Autoinvoice Import Program
Revenue policy gives unexpected revenue/unearned-revenue accounting in AR transaction:
Expect the invoice imported by Autoinvoice to have Revenue line instead of Unearned under the conditions below:
The issue can be reproduced at will with the following steps:
1. Receivables responsibility
2. Setup the Revenue policy as follows:
Standard Refund Policy = 0
Payment Term Threshold = 90
First, Second, Third Selection = null
3. Create Sales Order with Payment terms = Current 60, defined as follows:
Name = Current 60
'Credit Check' checked
Payment Schedule region
Seq = 1
Relative Amount = 100
Day of Month = 1
Months Ahead = 3
4. Run AutoInvoice.
The invoice generated has :
Date = GL Date = 25-May-2006
Due Date = 02-Aug-2006
Diff = 67 < 90 so Revenue account should be used
5. Check the Accounting, see Unearned Revenue
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