This allows you to manage the cost and revenue recognition on buying / selling products.
It keeps track of the installments occurred on those cost / revenue recognitions, and creates account moves for those installment lines.
Key Features
- Define deferred revenue types
- Define deferred revenue types
- Name: the name of the type for identification purpose
- Journal: the default journal for account moves of the deferred revenues in this type
- Deferred Account: The account for encoding deferred revenues
- Revenue Account
- Disposal Account
- Analytic account
- Analytic Tags
- Time Method
- Number of Defferals
- Number of Deferrals
- One Entry Every
- Ending Date
- One Entry Every
- Ending Date
- Define deferred cost types
- Name: the name of the type for identification purpose
- Journal: the default journal for account moves of the deferred costs in this type
- Deferred Account: The account for encoding (prepaid) expense that will be deferred as costs.
- Recognition Account: An account to store recognition moves. It is usually a cost account
- Disposal Account
- Analytic account
- Analytic Tags
- Time Method
- Number of Defferals
- Number of Deferrals
- One Entry Every
- Ending Date
- One Entry Every
- Ending Date
- Revenue Deferral: manage revenue deferrals
- Name: the name of the deferral
- Category
- Value
- Salvage Value
- Residual Value
- Deferral Board
- Journal Items / Entries
- Cost Deferral
- Name: the name of the deferral
- Category
- Value
- Salvage Value
- Residual Value
- Deferral Board
- Journal Items / Entries
- Mass generation of Journal Entries for cost/revenue Recognitions
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