Deferred Accounting

The process of deferring revenues or expenses at a later date, rather than at the time the Transaction occurs, is referred to as Deferred Accounting in ERPNext.

This method is often used for:

• Prepaid Expenses (yearly insurance, say, prepaid but charged monthly).
• Unearned Revenues (e.g., advanced payments for services to be performed in the future).
• Deferred Tax Assets/Liabilities.

Deferred accounting is easily handled with the automated Deferred Revenue and Deferred Expense functionality in ERPNext.

• Deferred Revenue
• Deferred Expense
• Process deferred Accounting
• Deferred Revenue / Expense Report

Follow for more

• Go to Zikpro ERPnext Demo
• www.zikpro.com