Allocate Revenue per Period

Explanation

The Allocate Revenue Per Period activity is used for period allocation of revenues for a customer invoice. Allocation is used for distributing revenues among several periods. The allocation takes place in Voucher Entry in IFS/Accounting Rules by using the operation Periodical Allocation.

Prerequisites

The invoice must be posted and a voucher created. The operation can only be executed if the voucher is not updated to the General Ledger.

System Effects

The updating routine creates a voucher for each period, voucher type group X. The posting type GP2 - Accrued Revenues/Costs controls the account to be used as a contra account.

Window

Customer Invoice

Related Window Descriptions

Customer Invoice

Procedure

To allocate revenues per period:

1. Click the operation Voucher Entry. Mark the desired voucher line in Voucher Entry Window and select the operation Periodical Allocation by using the right mouse button. This displays the Period Allocation dialog box.
2. Check the information displayed. Specify both the starting and the ending period for accrual to distribute the amount evenly over periods, mark the Distribute Amount box, and click the New button in the Window.
3. Modify the values in the list if necessary. Click Save.