On this tab, you can create a list of deferred expenses which need adjustments of any type.
The "Deferred Expense Adjustment (create)" form. The Deferred Expenses tab
You can add a new line by clicking Add and selecting a deferral.
The amounts of the deferred expenses are shown in the accounting currency.
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Note. The amounts cannot be edited in this document. For information on adjusting the amounts, refer to the Expense Recognitions section. |
You can change the following parameters of the listed deferrals:
- Deferral End Date
- Calculation Method
- GL Accounts
- Analytics parameters, such as department, expense item
You can make the required changes directly in the list, in the columns whose cells are splitted horizontally into two cells: Current and New. You can insert a new value of each parameter in the corresponding lower cell (New).
7.5.5. Reports on Deferred Revenues and Expenses
The reports on deferred revenues and expenses which are available in FirstBIT ERP provide you with summary and detailed information on the deferrals and the amounts that were recognized in each month.
The following reports are available:
- Deferred Revenues Balance
- Deferred Expenses Balance
- Statement of Deferred Revenue
- Statement of Deferred Expenses