How can I make adjustments to deferred revenue or revenue clearing account entries?

Answer: You can correct or make adjusting entries to contract level activities to update deferred revenue or revenue clearing account amounts. Use Contract Adjustment (BR41) to make contract adjustments. One reason you may need to make a contract level adjustment is to make currency gain or loss entries during the life of the contract. These entries are made directly to account categories and are not considered during the pay request or cash application revenue journal entry process. Contract level adjustment can be either AC only or AC and GL entries.