If we enable the approval routing revenue recognition & reclassification journal entries cannot be generated until the revenue arrangement is approved.
Go to Setup> Accounting> Accounting Preferences > Approval routings
- Accounting Preferences. On the Approval Routing subtab, check the Revenue Arrangements box
Approval Status – The default is Pending Approval. The other options are Approved and Rejected.
By default, all users who can edit revenue arrangements can change the approval status.
Next Approver – By default, this field is blank. Users who can edit revenue arrangements can
select any user in the system as the next approver.