Enhanced interface

Clear revenue recognition—AR or Order Entry

When you post revenue from a revenue recognition schedule, Intacct creates a journal entry in the applicable revenue recognition journal. To delete a revenue recognition journal entry that was created in error, you need to clear the row associated with the journal entry in the revenue recognition schedule. This action also resets the status of the row in the revenue recognition schedule to Open.

There is no "mass clear" function within the user interface. If you need to clear posted entries from many schedules using the user interface, you must open each applicable schedule and clear each entry. Alternatively, you can use Web Services to create an API function that will clear multiple posted entries. Learn more about Web Services.

Subscription	Standard revenue recognition for AR Standard revenue recognition for Order Entry
Regional availability	Australia Canada South Africa United Kingdom United States
User type	Business
Permissions	General Ledger Revenue recognition schedules: List, Edit
Configuration	Edit revenue schedules must be set to true in the Configure Revenue Management page.
Dependencies	The reporting period must be open.

You cannot clear the recognition if the period is closed. In this scenario, open the applicable period and then try clearing the recognition.

See Field descriptions in the Revenue recognition schedules topic for detailed information on each field.

To clear a revenue recognition journal entry:

Go to Accounts Receivable or Order Entry > All > Revenue recognition > Revenue schedules.
Locate the desired revenue recognition schedule select Edit.
Select the checkbox in the Clear column next to the desired Posted entry or select the checkbox in the Clear header to select all Posted entries.
Select Save
A Confirm change dialog box appears.
Optionally, type any associated information in the Memo field.
Select Save.
The clear action is recorded in the revenue recognition schedules Change history tab as an Edit action.