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Deferral Schedules amounts not balancing

  • 17 October 2022
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I am working with a client who is beginning to utilize the deferred revenue module for deferred expenses\amortizations. When a schedule is created using a flex code, the transaction amounts just seem random. Here is an example of a three-month deferral: 

Is there a setting we are missing somewhere to balance these or is it just a manual process?

Thanks, 

Adam

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Best answer by dwijebandara26 3 July 2023, 17:53

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Hi,

Flexible will use the start date and end date, please refer to the below help description.

  • Flexible by Periods, Prorate by Days: With this method, the amount to be recognized is distributed among periods, with a proportional division among the first and last periods. With this option, the start date of the first period and the end date of the last period are fixed; these dates are taken from the invoice details. Other than this, the method works in the same manner as the Evenly by Periods, Prorate by Days method, described above.

If this method is selected, the Start Offset and the Occurrences boxes are not available.

  • Flexible by Days in Period: With this method, the start date and the end date of the period is taken from the invoice details. Other than this, the method works in the same manner as the Evenly by Days in Period method.

Thanks

Desh

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