Requirement:
The User has successfully completed the Historical Transaction Process (HTP). However, the User cannot generate Revenue Recognition Journal Entries for the Secondary book even if Create Revenue Recognition and Amortization Journal Entries are set to True.
Solution
To check if Revenue Arrangements are also copied to Secondary book:
1. Navigate to Transactions > Financial >Revenue Arrangements
2. Click Customize View
3. On the Results tab > Add Accounting book > Click Move to the top
4. Rename the Search Title
5. Hit Save
To reflect the Revenue arrangement and Revenue plans in the Secondary book:
1. Navigate toTransactions > Financial >Update Revenue Arrangements and Revenue Recognition Plans
2. Select the Secondary book in Accounting book field
3. Click Update Revenue Arrangements
4. Refresh until fully completed
5. Click Update Revenue Plans
6. Refresh until fully completed
To record Revenue Recognition Journal Entries for the Secondary book:
1. Navigate to Transactions > Financial >Schedule Revenue Recognition Journal Entries> Run now
2. Select the following:
Period: xx – include prior period
Accounting book : Secondary Book
Subsidiary: xx
Result: Revenue Recognition Journal Entries can now be seen.