Has anyone come across a module, or written one, which deals with deferred income. We need to spread X/12th’s of a sales invoice across several months.
Any help or input would be gratefully received.
Thank you
Andrew
prepayment in 5.0 is what you are looking for.
We have the same issue for Service Contracts. Do you need to relieve revenue from a pre-paid contract?
We invoice against a specific balance sheet account and then update a recurring journal that is posted every month.
Does that help?[:)]
Yes, but we are after a more automatic solution. ie, we post to an item/gl and the system automatically spreads the income over a specified no. of months.
Andrew
We have adopted the manual process for all our commercial sites in Europe. Because of the complexity of managing the starting and ending dates of the contracts, posting credit notes and financial control.
In one location we are now working with the CRM Service Managemnt system and adding reporting functions to make the calculations but I am not optimistics for the reliability of the solution.
Do you use CRM Service or Jobs/Projects to record the contract details?