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• Maintenance Contract Over or Under Billed: This
  This report helps you identify contracts that are unbalanced before you recognize revenue.
• Maintenance Contract Deferred Revenue: This
  This report allows you to see financial and contract details for the Deferred Revenue GL account during reconciliation. For more information, see Maintenance Contract Deferred Revenue in the SSRS Reports documentation.

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Recognizing maintenance contract revenue

If you are using the manual method of revenue recognition, revenue is recognized when the invoice is posted. If you are using the percentage-of-completion or revenue schedule revenue recognition method, invoicing and recognizing revenue are two separate processes.

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If the period has already been posted, you can still print the Revenue Recognition Posting Journal report.

Verifying the General Ledger amounts

When the revenue recognition routine is run, a Microsoft Dynamics GP General Ledger entry is created and saved under the Batch ID "RECOGNITION."

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