Deferred revenue and expenses · Guide 182 of 624
Deferred expenses
When you pay in advance for something used over time, such as annual insurance or rent, RockifyERP spreads the cost across the months.
How to do it in RockifyERP
- On the item, tick Enable Deferred Expense and set the number of months.
- Set a Deferred Expense (prepayment) account.
- On the purchase invoice, check the service dates.
- RockifyERP books the expense month by month.
Tip: Use it for big prepayments only. Small ones aren’t worth spreading.
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.