![]() %4 = The month name of the period posting date.%3 = The month number of the period posting date.%2 = The week number of the period posting date.%1 = The day number of the period posting date.You can enter the following placeholder codes for typical values, which will be inserted automatically when the period description is displayed. field, specify a description that will be shown on entries for the deferral posting. For more information, see the “To change a deferral schedule from a sales invoice” section. You must manually fill the Amount field for each period in the Deferral Schedule window. User-Defined: The periodic deferral amounts are not calculated.Days Per Period: The periodic deferral amounts are calculated according to the number of days in the period.Equal Per Period: The periodic deferral amounts are calculated according to the number of periods, distributed evenly on periods.Straight-Line: The periodic deferral amounts are calculated according to the number of periods, distributed according to period length. ![]() You can choose between the following options: Method field, specify how the Amount field for each period in the Deferral Schedule window is calculated. To set up a deferral templateĬhoose the icon, enter Deferral Templates, and then choose the related link. Repeat steps 2 and 3 to create a new G/L account for deferred expenses.įor both types of deferral, select Balance Sheet in the Type field, and name the accounts appropriately, such as "Unearned Income" for deferred revenues and "Unpaid Expenses" for deferred expenses.For more information, see The General Ledger and the Chart of Accounts. Fill in the fields as necessary to create a G/L account for deferred revenues.Choose the icon, enter Chart of Accounts, and then choose the related link.When you post the related sales or purchase document, the revenue or expense are deferred to the involved accounting periods, according to a deferral schedule that is governed by settings in the deferral template and the posting date. To distribute revenues or expenses on the involved accounting periods, you set up a deferral template for the resource, item, or G/L account that the revenue or expense will be posted for. To recognize a revenue or an expense in a period other than the period in which the transaction was posted, you can use functionality to automatically defer revenues and expenses over a specified schedule.
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