Post Revenue Hierarchies

This hierarchy applies if recognised revenue is to be posted to the General Ledger. The revenue updates to the general ledger as at the end of the current job costing period.

If the pro-rata method is Actual or Estimate, then general ledger accounts linked to the sales codes of the activity codes used in the cost (for actual) or estimate lines are updated:

Debit	Revenue	Sales Code's Revenue Recognition Account (uses the Profit Centre account to fill wildcards)
		Suspense Account
Credit	Revenue	Sales Code's Sales Account (uses the Profit Centre account to fill wildcards)
		Suspense Account

The revenue is alternatively updated to the general ledger revenue and sales accounts assigned to the job on the Additional tab on the JC Job maintenance form if these conditions exist:

The pro-rata method is Actual, and there are no costs with the job,
The pro-rata method is Estimate, and there are no estimates set up for the job, or
The pro-rata method is None - Job defaults (revenue is not spread over the sales codes)

Debit	Revenue	JC Job's Revenue GL Account (uses the Profit Centre account to fill wildcards)
		Suspense Account
Credit	Revenue	JC Job's Sales GL Account (uses the Profit Centre account to fill wildcards)
		Suspense Account

The reversing entries of the above are generated at the same time, dated the beginning of the next job costing period.