Product Updates
Getting Started with RevRec
Revenue Recognition
Expense Recognition
Multi Currency
Multi Entity
Data Processing & Validation
- Overview
- Automated Data Synchronization
- Importing Data in Bulk
- Input via User Interface
- Control Checks
- Automated Import and Export
- Understanding Errors
- Articles and FAQ
Adjustments
Reports & Analytics
General Ledger & Accounting Close
- Journal Account Mapping
- Understanding Journal Entries
- Creating Journal Entries
- Journal Posting & Closing Accounting Period
- Articles and FAQ
Integrations
RevRec Premium
Where can I find Revenue Journal Report in RevRec?
Scope
Example: Revenue Journal Report
How to find the deferred and contra revenue in RevrRec?
Solution For the Revenue Journal report, navigate from Action Menu > Reports > Accounting > Journal Entry Report.
Opening the report will show you for each customer the exact number you want to post for each account. It shows the deferred revenue for each month debiting your contra revenue and crediting your deferred revenue account as invoices get sent.
Once revenue recognition occurs it will move this out of your deferred revenue and into your revenue accounts. You just want to be sure to reconcile this to your source data before closing out the accounting period.
Related Article and Documentation
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