A client started using Subscription Contracts recently and noticed a difference in G/L Entries when invoicing in compare to using deferrals in regular invoicing.
More specifically, when a regular invoice is posted and produces deferral entries we notice the following entries as the first initial entries. The first 3 are the sales entry using accounts from General Business Posting Setup (A), Vat posting setup (B) and customer posting groups (C). The next 2 are a transfer of the sales value from account A to the deferral code account (D) from the Deferral Template, added to the sales order. Specific accounts are relevant to national charts of account, so here they are posted as an example. The next entries are the deferral entries per month
Entry Line No_________Account________ ___________debit_________credit__________source code
1______________________(A) 70.00.00.0024______________0_____________1200___________SALES
2______________________(B) 54.00.70.0024______________0______________288____________SALES
3______________________(C) 30.00.00.0000__________1488_________________0____________SALES
4______________________(A) 70.00.00.0024__________1200_________________0____________SAL-DEFER
5______________________(D) 56.00.00.0000______________0_____________1200____________SAL-DEFER
6______________________(D) 56.00.00.0000___________100_________________0____________SAL-DEFER (1st month)
7______________________(A) 70.00.00.0024______________0______________100____________SAL-DEFER
8______________________(D) 56.00.00.0000___________100_________________0____________SAL-DEFER (2nd month and so fourth)
9______________________(A) 70.00.00.0024______________0______________100____________SAL-DEFER
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In contrast when initiating invoicing from subscription contracting the system produces the following entries skipping the 4th and 5th entry in the previous example. Here the account origins are as follows General Business Posting Setup (A), Vat posting setup (B) and customer posting groups (C). Also Customer Subscription Contract Account (D) and Customer Subscription Contract Deferral (E) from General Business Posting Groups.
Entry Line No ________Account________ ___________debit_________credit__________source code
1______________________(A) 70.00.00.0024______________0_____________1200___________SALES
2______________________(B) 54.00.70.0024______________0______________288____________SALES
3______________________(C) 30.00.00.0000__________1488_________________0____________SALES
4______________________(D) 73.00.00.0000___________100_________________0____________CONTDEFERL (1st month)
5______________________(E) 56.00.00.0000______________0______________100____________CONTDEFERL
6______________________(D) 56.00.00.0000___________100_________________0____________CONTDEFERL (2nd month and so fourth)
7______________________(E) 70.00.00.0024______________0______________100____________CONTDEFERL
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Is there a reason Subscription Contracting misses the entries 4 and 5 in contrast to the individual invoicing? Does it require some additional setup, we are missing?
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