To recognize revenues and expenses in periods other than the period in which the transaction is posted, you can use functionality to automatically defer revenues and expenses over a specified schedule.
Deferral functionality is available on sales documents, purchase documents, and in the general journal. The functionality provides benefits, such as:
-
Reduced time and effort to defer revenues and expenses after transactions are posted.
-
Easy reporting on deferred amounts for customers, vendors, and G/L accounts.
| To | See |
|---|---|
Make sure revenues to be posted on one sales document are deferred to the different accounting periods when the sold goods or services were delivered. | |
Make sure expenses to be posted on one purchase document are deferred to the different accounting periods when the involved expenses were incurred. |