Hi,
We have few back date job adjustment entries and posted it on phase jobs in Jan2022, but while recognising the revenue these cost are getting entered on my recognised date (31/10/2022) as MFG-VAR Transactions. Can I revese these transactions or change the posting dates so that it will get posted on Jan 22.
We follow Fixed fee Invoicing method and manual revenue recognition
Thanks,
Arun
Did you find a solution, I’m running into the same issue.
Yes, Epicor support given following reply;
*Once the transaction is created it is not possible to change the date anymore. *
You should reverse the transaction by using the job adjustment with the negative value. Then, Capture COS/WIP + Build project analysis + Recognize. After that, enter a new Job adjustment with the and process Capture COS/WIP + Build project analysis + Recognize with the correct data.
Check whether your transactions are posted using a BAQ on the PartTran table. If not, you can modify the date with an updatable dashboard. I was lucky that only a few of my transactions were posted.
This is an out-of-the-box solution.Test it in a pilot environment before applying it to Production. Just because it worked on my version and database doesn’t mean it will work everywhere.
Also, check with your audit team to make sure they are comfortable with changing dates on journals. In a previous life, we only used Manual Recognition so we could control the revenue and costs during the (at the time) newer revenue recognition rules. If we had an error, we used manual recognition and negative numbers to back out an entry. We treated it like any other G/L entry error.