Dynamics 365 CommunityForums Microsoft Dynamics GP (Archived) Accruing income on an ...

Accruing income on an invoice over several months

(0) Share

Report

Posted on by Community Member

I have a system that creates invoices in Dynamics GP through the SDK, generally for services rendered. We invoice the total cost up front, but the services might extend over several months, and we want to accrue the income over the length of the services.

I suppose I could do this by programmatically creating journal entries for each month from a deferred income account to an earned income account. But is there any existing functionality I can leverage to handle this accrual automatically? I'd love to be able to set up a rule that says Service X is accrued over 4 months, and it would handle the deferred/earned income transactions.

*This post is locked for comments

All responses (2)

Answers (0)

Mariano Gomez 26,225 on at

Like (0)

Report

RE: Accruing income on an invoice over several months

Imad is right. This is what RED is for.
Imad Kassoumah 3,235 on at

Like (0)

Report

RE: Accruing income on an invoice over several months

Hi,

There is a ready functionality in GP called Revenue/Expense Deferrals.

You need to install it.

Regards.