EAR - Can Revenue Estimates Be Created for Payments Received on Account for Contracts That Have Not Yet Recognized Revenue?
(Doc ID 2674645.1)
Last updated on JULY 22, 2020
Applies to:PeopleSoft Enterprise FIN Receivables - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
Usually for amount-based contracts, revenue should be recognized in Contracts before revenue is collected in Receivables. If that revenue recognition has not occurred in Contracts, the system is looking for a Revenue Line in Contracts but none exists so it is updating Revenue Estimate status as “No Item Rev”.
Is there any way to create revenue estimates for payments received on account for contracts that have not yet recognized revenue?
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