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To create a deferred expense document

Step 1-Enable the setting

Go to Administration > General settings > Enable Deferred expense

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Step 2

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: Create Invoice

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Fill all the required details in the main tab, company, entity

1. Add Expense: Include the expense you want to allocate over the months

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1. or period.

2. Add

   expense

   Expense Item

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   : Click on the Create/Cancel

   deferral

   Deferral option.

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1. A Deferred Expense dialog box appears- fill in the details as required.
2. Deferred from/to- You must include the period from when to until when you want to defer these expense.
3. Choose the calculation type-If you want to do the calculations monthly, Calendar days or Manually.
4. Choose the GL Account-Deferred expense
5. Expense GL account-The account through which month end closing will transfer the balance to profit and loss account.
6. Expense item-Choose the expense item

   Fill in Deferred Expense Dialog:

   • Deferred From/To: Specify the period for deferring the expense.
   • Calculation Type: Choose how you want to calculate the deferral (monthly, calendar days, or manually).
   • GL Account: Select the deferred expense account.
   • Expense GL Account: Choose the account for transferring the balance to the profit and loss statement at month-end.
   • Expense Item: Select the relevant expense item.

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The below icon, help you identify if these expense are being for the period or not.

Please note, these deferred expense will not be included to the cost of Invnetory.

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