Deferred revenue and expenses · Guide 181 of 624
Deferred revenue
When customers pay in advance for a service delivered over time, such as an annual contract, RockifyERP recognises the income month by month.
How to do it in RockifyERP
- On the item, tick Enable Deferred Revenue and set the number of months.
- Set a Deferred Revenue account (a liability) on the item or company.
- On the sales invoice, check the service start and end dates.
- RockifyERP moves income from deferred revenue to income each month.
Tip: Deferred revenue keeps your monthly profit realistic when customers prepay.
Need more help with RockifyERP?
Can’t find what you’re looking for? The RockifyERP support team can walk you through it. Contact RockifyERP support.