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: : Configuring the Company and Status
Configuring the Company
- Go to Tools > Setup > General setup > Company > Company.
- Select the type of module that allows you to generate the status of products under the Module to generate the product's situation section:
- Link products with the period: hide the Revenue recognition menu and displays the Link products with the period menu.
- Revenue recognition: displays the Revenue recognition menu and hides the Link products with the period menu.
Configuring the Status
- Go to Tools > Setup > General setup > Financial Accounting > Status.
- Select the following options:
- Under the Outstanding entry section, check Automatic generation so that the entries will be versed into the Generation Journal when validating the revenue recognition.
- Under the Closing entry section, check Automatic generation to systematically generate the entries and Automatic reverse entry to make the reverse entry automatic.
- Under the Pro rata calculation section, select the calculation method applied to the linking products and costs with the period, in months and days. The proportion calculated for the recognition on the prorata-basis is systematically calculated in days.
- Under the Linking of costs/products with the period section, indicate whether you want to group the line per balance sheet account and whether you do not want to feed the history database.
- Under the Detail of situation entries, indicate whether you want to group the entry on a line per outstanding account or whether you want to create a detailed entry per customer or suppliers (with a SIA and deferred income configured on third-parties).
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