The following is an overview of how and where the WIP - Subscription account is applied and what parameter setup is required. Use the account for accruing revenue that is then shown in the WIP statement.
Account
type
Balance
Availability
|
License code |
Configuration Key |
|---|---|
|
|
|
How the
account is applied
|
Transaction type |
Project type |
Account type |
|---|---|---|
|
|
|
|
Parameter
dependencies
Subscription group - Accrued revenue for subscriptions can only be posted if the check box is selected on the subscription group attached to the subscription. Furthermore, accrued revenue cannot be posted until the invoice for the subscription has been posted.
Actions and
effects
|
Action |
What happens |
|---|---|
|
Invoicing |
The account of type is credited with the same amount by which the account of type is debited. In this way the revenue is moved to the WIP balance sheet from where accrued revenue is posted to the account of type . |
|
Post accrued revenue |
is debited with the same amount that the account of type is credited with. |
|
Reverse accrual |
When an already-accrued transaction is selected for reversal, the account of type is credited with the same amount that the account of type is debited. |
