How to Add Deferred Revenue and Expenses in Business Central
Alex Wiley, a PreSales Consultant at ArcherPoint, provides a quick, five-minute video tutorial on how to recognize revenue or an expense in Microsoft Dynamics 365 Business Central. In Business Central, a user can recognize a revenue or an expense outside the period that the actual transaction is posted, which can be helpful when automatically deferring revenues and expenses over a specified schedule.
Wiley creates two company account examples and shows how to enter deferral template code, entering tax group codes, and running through the general ledger (GL) process by uploading a sales invoice.
Contact ArcherPoint for assistance, and be sure to learn more about Business Central by viewing other How-To videos or reading more How-To blogs from ArcherPoint. You can also visit the comprehensive Microsoft documentation page on Deferring Revenues and Expenses for more information.