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Lemynz Inc.
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Deferred Revenue Schedule
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31-Dec-24
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Steps to complete Deferred Revenue Schedule and JE:Completed?Guide Me LinkNotes
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1. Roll-Forward the Dates/File to the current month-end period.
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2. Download the GL data for Deferred Revenue for the current month1
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3. Confirm prior month balance agrees to working paper
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4. Add all additions to deferred revenue are properly documented
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5. Review deferred revenue additions with Rev Ops/AR team
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6. Update all formulas in waterfall and Journal entry tabs to confirm the correct amount is being pulled i.
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7. Check Schedules for accuracy and completeness by updating the audit checks.
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8. Book Journal Entry in Quickbooks3
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9. Confirm Ending balance on summary tab agrees to Quickbooks for the currrent month.
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