Clear contract revenue or expense recognition

Suppose you just posted recognition and realized you used the wrong posting date. You can clear the row associated with the journal entry. This action resets the status of the row in the schedule to Open. It also rolls back the applicable journal entries. You can clear rows individually within a schedule, or in bulk on the Manage Schedules page.

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

Clear a single entry within a schedule

1. Open the applicable schedule.
   Learn how to open a revenue schedule

   Open the applicable contract, open the applicable contract line item, and select the View Schedule 1 or View Schedule 2 link in the Revenue section.

   Learn how to open an expense schedule

   Do one of the following:

   • To view a contract-level expense schedule: Open the applicable contract, select in the Expense lines table and select the View Schedule link in the Expense section.
   • To view a contract line-level expense schedule: Open the applicable contract, open the applicable contract line, select the Expenses tab, and select the View Schedule 1 or View Schedule 2 link in the Expense table.
2. In the schedule window, select Edit.
3. Select the checkbox in the Clear column (the far-right column) next to the most recent Posted entry or select the checkbox in the Clear header to select all Posted entries.
4. Select Clear.

Clear entries in bulk on the Manage Schedules page

You can use the Manage Schedules page to clear multiple entries across multiple schedules.

1. Go to Contracts > All > Manage schedules.

2. In the Action dropdown, select Clear.

3. Choose whether you want to clear Revenue or Expense schedules.

4. Select which Journal to use.

5. Select filters and user-defined dimensions (if any) to narrow the focus of the schedules you want to clear.

6. Select Preview.

   The schedules section displays only the entries that meet the filter criteria and are posted.

7. If you do not see the desired results, expand the Filters section, adjust the filter criteria, and select Preview again.

8. Select the schedule entries that you want to clear by doing one of the following:

   • Select the checkbox to the far left of each row.

   • Select the dropdown next to the checkbox in the column header and choose Select all on this page to select all rows currently visible.

   • If there are multiple pages of results, select the dropdown next to the checkbox in the column header and choose Select all to select all rows across all pages.

9. Select Clear.

   Intacct creates a bulk action run record and completes the process offline.