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Prepaids with uneven deferral

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Posted on by ahanson

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Hello, I have a client that we are looking to setup an expense deferral for.

Their example is a 12-month insurance policy. However, their payment is a higher amount first payment, then only 8 additional payments (9 in total) to be expensed across the 12-month period.

They are in the process of migrating from Dynamics GP and had been creating manual GL entries for this as the deferral module in GP could not automate this. Can BC automate this or will it continue to be manual?

Thanks in advance for any suggestions!

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Financial Management

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Judy Microsoft Employee on at

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Prepaids with uneven deferral

Hi,

Business central provides the capability to automatically defer or postpone revenues and expenses over a specified schedule. Please check the Microsoft Document to recognize a revenue or an expense in a period other than the period in which the transaction was posted, you can use functionality to automatically defer revenues and expenses over a specified schedule.

Defer Revenues and Expenses - Business Central | Microsoft Learn

Best Regards,

Judy
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YUN ZHU 68,480 Super User 2024 Season 2 on at

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Prepaids with uneven deferral

Hi, you can try the following function first.

Business Central 2022 wave 1 (BC20) new features: More control over deferrals posting (Beginning of Next Calendar Year as the Start Date)

https://yzhums.com/24008/

Or try recurring journals.

More details:

https://learn.microsoft.com/en-us/dynamics365/business-central/ui-work-general-journals?wt.mc_id=DX-MVP-5004336#work-with-recurring-journals

Hope this helps.

Thanks.

ZHU

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