A300019: SIS Semester (Added Periodic Revenue Recognition)

Previously, the only way to do Revenue Recognition is by the schedule generated by the Payment Terms. In this update, system uses the Reclass Terms to recognize revenue while still having the Payment Terms option.

Added The Following:

  • General (Tab Page)
    • Account Setup (Periodic Revenue Recognition)
      • Note: If Reclass Terms is used, the Realized And Unrealized Account Setup is ignored and only the Reclass Structure is used by the SIS.
      • Use Transactions’ Payment Terms? – when checked, uses the Payment Terms for Periodic Revenue Recognition.
        • Options:
          • Checked And Unchecked
      • Use Reclass Terms (Structure Only)

Example:

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