Reverse Revenue Recognition

You can use the Reverse Revenue Recognition page to reverse the revenue recognition batch. Use reverse revenue recognition to back out or reverse revenue recognition that has been performed in error. You can only perform this for the most recent revenue recognition batch and before the transaction has been released to the General Ledger.

You can then use the page to review all the batches that have been reversed.

Prerequisites

You must have:

  • Common - Processes - View authorization

  • Student Accounts - Processes - Reverse Revenue Recognition authorization

You can reverse the revenue recognition for the previous month only.

You cannot reverse the process if: 

  • The transactions have already been released to the General Ledger

  • The system is unable to determine the most recent revenue recognition batch.

Access Method

Select the Processes tile > expand Student Accounts > select Reverse Revenue Recognition.

Procedure to Reverse the Revenue Recognition Process and Review Results

Process Tab

Use the Process tab to filter the data and queue the batch job.

  1. Review the fields.

    CampusClosed The current signed-in campus.

    Date PostedClosed The date when the latest revenue recognition batch was posted.

    Last Earn DateClosed The last revenue earning date for the campus.

    Reference NumberClosed Reference or batch number for the revenue recognition batch.

  2. Select the Queue Reverse Revenue button.

  3. In the Queue Batch dialog, review or change the name of the batch, confirm you want to reverse the process, and select the Queue button.

All the transactions associated with the Batch reference number are queued to be reversed.

When the batch completes, Anthology Student displays the results on the History tab.

History Tab

For Revenue Recognition batches that you reversed, you can use the History tab to review the status of all the batches, review the results of specific batches, and manage the batches.

Batches on this tab are available for 28 days by default. Anthology Student removes them after 28 days. If you need to keep the information for a batch, use the Export (Export button) button on the toolbar.

Review the values in the Batches grid.

DurationClosed The amount of time it took to process the job or batch.

NameClosed The descriptive name of the item.

Reference NumberClosed Reference or batch number for the revenue recognition batch.

StartedClosed The date and time when the first job within the batch started executing.

StatusClosed Indicates the status of processing for the student or item in the job. If all of the awards were successfully processed and approved, it displays Succeeded. If one or more awards were not approved, it displays Completed.

Submitted ByClosed The name of the staff member who submitted the batch for processing.