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Hi All,
What is the difference between Accrued & Deferred expenses?
And how to setup those in AX 2012 R3?
Regards,
Manivannan M
*This post is locked for comments
Hi,
Deferred expenses are those that have been paid (for example in december 2017) but that won't be reported as an expense until a future accounting period (for example january 2017)
Accrued expenses are those that have not been paid but that have already been recorded as expense.
Please note that you might find different terminologies in different country environments / accounting standards.
Best regards,
Ludwig
to the setup question:
Posting into the ledger account set for deferred expenses are usually selected on the AP transaction recording the invoice/payment
Posting into accrued expenses will typically happen using general journal, as part of month end process
So unless you are using accrual schemes functionality to remove from deferred expenses or add into accrued expenses you will not "setup" these accounts anywhere.
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