Closing Issues to Book Revenue
You can choose the date you want to close an issue. Closing an issue will set the system to recognize revenue based on the close date. Any revenue that is deferred or any item that is not billed will become recognized on this date. You can also go directly to the Create Invoice page to generate your invoices for the issue.
You must have manual GL closing enabled in order to use this feature.
You can check your settings under the Settings > System Configurations > Finance - Banking. Set 'Enable Issue Close Processing' to yes.
Close the issues by going to Settings > Products > Publication & Issue Setup. Choose Manage Issues from the action pop-up.
Click on the lock icon to select the close date.
The close date will be the date that revenue is recognized in the system. The system can redirect you to the create invoice page to generate any outstanding invoices for the publication and issue if you select the checkbox.