Deferred revenue and expenses · Guide 183 of 624
How deferred accounting works
Deferred accounting in RockifyERP posts the full amount to a balance sheet account first, then moves a share to profit and loss each period.
What you need to know
- Invoices post to deferred revenue or deferred expense accounts.
- A scheduled process creates monthly journal entries for the share that has been earned or used.
- Partial months are prorated by days.
Tip: Check Accounts Settings to see whether entries are booked automatically or via journal entries.
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