Following a billing schedule or line termination having a deferral balance it is required to manually cancel hundreds of individual deferral schedules, to deal with unrecognized deferral amounts. Applies to both Cancel unrecognized amounts or Cancel a completed schedule.

Billing contract Termination issues: 

o Does not cancel deferral schedule.  

o Manual entry required for Create cancellation entries, Journal Name, Transaction date and Cancellation account. There are no cancellation default parameters.

o Zero price. Deferral balance on COGS , Cancellation account doesn’t have a default setting. 

o Mass cancellation process missing.

Billing schedule number: 1130-000000057

Deferral schedule number: 1130-000043 : Sales order

Cancelation: Journal voucher1130-002390 : SBRevRec

Not shown on deferral schedule.

Where are the deferral schedule cancelation defaults when Contract is terminated?

Add Separate cancellation defaults parameters for: 

• Cancel unrecognized amount and Cancel entire schedule Actions.

• Create cancellation entries: NoYes. 

• Add Cancellation accounts Deferral defaults page.