Processing Deferred Income
Deferred Income can now be processed automatically by the system, based upon a field being completed on any of the following documents:
- Sales invoice
- Sales credit
- Nominal receipt
The Input forms will now have a Deferred Start and End Date element at the end of the table where you will enter your deferral ranges in the specified format DD/MM/YYYY as shown below:
Once this has been posted the system will use two document types to split out the relevant movement these are as per below:
- DB – Deferred Move to Balance Sheet this will transfer the balance on that income nominal and account across to the deferred income nominal on the balance sheet.
- DM – Deferred Movement this will release the funds from the balance sheet back to the Income nominal and account for every period within the specified deferral range.
The release from the balance sheet back to the income nominal and account by default will spread on an equal value based on how many periods are within the specified days
There is an option within the rule that can allow you to change this to spread based on the amount of days in a given period that the funds are being released into. Releasing based on the days in a period will mean that the value released will vary from period to period rather than being a flat rate. If you would like this set up, please contact the support desk