It's not possible to select a deferral code for Service Line or Service Contract (Header or Line).
When a Contract is invoiced for a period longer than a month it is required in many cases to defer the revenue.
The only way currently is to create manually a general journal (or recurring journal). This is very time consuming and it's stopping many customers that are discovering this during a demo
Comments
This functionality is not only needed for Service, but would certainly be of added value for Projects as well: in case a customer books the indirect costs through a project, the Deferral Code is only applied on the G/L Entries, while you would expect it over multiple periods in the project (for reporting purposes). Could this be added to the Roadmap?
Category: Financial Management
Isn't this standard Service Contract prepaid functionality? You invoice yearly (for instance) and then run the Post Prepaid Entries routine.
Category: Financial Management
Business Central Team (administrator)
Thank you for this suggestion! Currently this is not on our roadmap. We are tracking this idea and if it gathers more votes and comments we will consider it in the future.
Best regards,
Business Central Team