Happy Business Starts Here

Zuora Support
Zuora Support

How to update the end date of the open accounting period?

Problem:

 

Failed to edit the To date while editing the accounting period with error:

"The dates of this accounting period cannot be changed because there are revenue associated to the accounting period.".

Screen Shot 2019-04-29 at 16.46.27.png

 



If you found my answer helpful, please give me a kudo ↑
Help others find answers faster by accepting my post as a solution √

1 REPLY 1
Highlighted
Zuora Support
Zuora Support

Re: How to update the end date of the open accounting period?

Cause:

 

If there are revenues associated with the accounting period, you will get the above message and stop you update the date. Revenue recognition is based on accounting period settings, once there is revenue recognized in this accounting period, we do not allow the date to be changed.

Solution:

 

You need re-distribute the revenue recognized in this accounting period to open-ended accounting period first and then update the accounting period end date, finally re-distribute the revenue from open-ended accounting period to it.

You can run a trial balance of this accounting period, then check Revenue Details report to find out how much revenue for each revenue schedule has been recognized in this accounting period, and those revenue schedules are the ones you need to do revenue redistribution.

 



If you found my answer helpful, please give me a kudo ↑
Help others find answers faster by accepting my post as a solution √