How to clear balances on deferred revenue accounts?

[Former Member]

Hi,

We are having an issue in clearing deferred revenue account balances. Actually what we are doing using whicle creating a contract and creating invoice for this contract, we are using dererred revenue account. And when we recognize the revenue in each period we are using deferred revenue account only and we will do revenue recognition to flow into revenue account. What we are having an issue is some contracts have been cancelled in the middle or some of them are expired, for some reason they called off some cotracts. But the balances in deferred revenue accounts are still on that account in each period. So now client wants to clear off those balances. What can we do to clear the balances? We can not post manual journal entries as the periods are closed. Please let me know how to clear off the balances? Its very urgent requirement.

Thanks in advance

Uday

[Lakshmipathi]

Ideally you post this query in Financial forum where you can get suitable suggestions. Parallelly, close this thread

G. Lakshmipathi

[former_member217082]

Hi Uday

Please check the following link which will help you in resolving your issue

http://help.sap.com/saphelp_rc10/helpdata/en/b9/23a037f11cff7fe10000009b38f889/content.htm

http://help.sap.com/saphelp_46c/helpdata/en/2d/bdd69dd9b411d199d80000e8a5bd28/content.htm

Regards

Srinath