Revenue Recognition Journal Entry Preference
If you use the Revenue Recognition feature, you can choose to post either detailed or summarized revenue recognition journal entries by setting this preference:
-
Create Revenue Recognition Journals in GL – Provides a choice for posting revenue recognition journal entries:
-
Detail – A separate journal entry is created for each revenue recognition schedule.
-
Summary – Revenue recognition schedules are summarized for posting. The summaries are based on matching attributes. For details, see Using Summarized Revenue Recognition Journal Entries.
-
To set this preference, go to Setup > Accounting > Accounting Preferences. It is on the General subtab under Revenue Recognition.