Tag: multibook

Setting Revenue Recognition Journal Entries for Secondary Book from HTP

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… Continue reading Setting Revenue Recognition Journal Entries for Secondary Book from HTP

Adjustment-Only Books

This is a feature in Multi-Book Accounting. Adjustment-only books allow you to post book-specific adjustments to a secondary, adjustment-only book at closing. They serve as a light version of multi-book accounting, but you do not need the Full Multi-Book Accounting feature to use them. Adjustment-only books differ from standard secondary books in that they do… Continue reading Adjustment-Only Books

Adjustment-Only Book- Book Generic & Book Specific Transaction

Adjustment-only books are a way to make specific changes to a separate book when closing it. They provide a simplified version of multi-book accounting without requiring the Full Multi-Book Accounting feature. Unlike standard secondary books, adjustment-only books don’t duplicate data from the primary book. Instead, users record day-to-day transactions in a base book, and any… Continue reading Adjustment-Only Book- Book Generic & Book Specific Transaction