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 campus or campuses to which a person or item is assigned. It is filtered to display the campuses to which you have access. In some cases, it is also used to filter a list to only those items for the campus. In some lists, you can select more than one campus or select All. In lists that display columns, if the column contains more than one campus, you cannot sort or filter on that column.

    Date PostedClosed The date when the transaction or batch was posted.

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

    Reference NumberClosed The number you can use to refer to the item (such as the reference number for a transaction, interest charge, master check, or 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 name of the item (e.g., data set, batch, job, process, task, person, organization, entity, file).

Reference NumberClosed The number you can use to refer to the item (such as the reference number for a transaction, interest charge, master check, or 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 background job or batch for processing.