The Revenue/Expense Deferrals module for
When you set up the module, you can select the source document you want transactions in the general ledger to use, and you can select whether or not you want to automatically post through the general ledger. You can also choose to automatically post to closed future periods or closed previous periods. For either sales or purchasing series, you can select a balance sheet or profit/loss posting method. The balance sheet method is simpler, but you can track more details with the profit/loss method.
As an example, if you want to defer a sales transaction, you click the Distribution button at the bottom of the transaction window, and enter a deferred revenue account. Click "Additional" at the top of the Sales Transaction Distribution Entry window, and you can manually defer, or you can select a deferral profile that you have set up. Using a deferral profile is a time-saver, as it enters default information automatically, and deferral profiles also make the deferral process more consistent.
This module makes it quick and easy to defer revenue and expenses over time based on a predefined schedule. You can defer the entire amount of a transaction, or just part of it. And you can set up warnings to prevent staff from making distribution mistakes.