How to use this module”Deferred Revenue & Expenses”
Upon installation of this module, you will find a “Deferred Revenue Models” menu within the configuration section. This menu allows you to configure the revenue accounts as per your requirements.
In this section, you can configure the Revenue account. You have the option to specify the number of entries, and based on this input, the corresponding entries will be generated in the revenue board.
In the Accounting menu, click on the “Deferred Revenues” option.
The Revenue Board will be displayed according to the revenue amount and the number of entries defined in the revenue configuration type.
Upon clicking the confirm button, the state will change to the running state. The items to be posted will then appear on the revenue board.
Items can be posted one by one, and the respective journal entries will be generated accordingly.
Journal entries are generated based on the accounts specified in the configuration. By clicking the “Post” button, these entries will be posted.
Similar to Deferred Revenues, we also offer Deferred Expenses. You can find the Deferred Expense Models menu in the configuration section.
Expense Types can be configured by adding the necessary fields such as Deferred Expense Account, Number of Entries, and more.
From the Accounting menu, click on “Deferred Expenses.”
In the Expense Form, the expense category is derived from the expense type configuration. The amount is split in the expense board based on the specified number of entries.
Upon confirmation, you will see the button to be posted. By clicking on each entry, the corresponding journal entries will be generated.
Reviews
There are no reviews yet.