Among my customers it's a common situation, that they get an invoice with an document-/posting-date in the current posting-period but the expediture was actually done in the previous month(s)
for example:
Invoice for freight charges is dated Oct. 3rd
the freights itself were done in September.
So a deferral to september is necessecary.
it is possible to adapt the deferral plan manually for each invoice; yet it would be great if there was the possibility to create a deferral template eg. "deferral in prceeding month"
Comments
I have multiple customers requesting a correct "revenue recogntion" deferral. Especially with subcriptions, contracts sales.Example: 1/ Current standard functionality - Invoice raisedPosting date = starting date of the deferral.Posting Date = 1/1/24Contract - from 1/1/24 to 31/12/24.Amount 1.200 (annually)Deferral will post each month 100.2/ Credit note being raised in March 24, on sales of previous sales invoicePosting data - 15/3/24Contract - from 1/1/24 to 31/12/24Financial reporting is closed up to the end of FebruaryAmount 1.200Deferral will be:March - 300, and afterwards a deferral of 100 per month.The deferral shouldn't post in closed records.
Category: Financial Management
I had a partner ask me the same question today, they have the same need to be able to post into periods in the past, and the reason is also a valid one. For them it does not matter that the deferral is affecting periods in the past, this is a requirement for them.I also found another post with the same suggestion here: https://experience.dynamics.com/ideas/idea/?ideaid=b7666544-6cbb-ee11-92bd-6045bdaf814b
Category: Financial Management
Yesterday at a customer we had the same discussions and requirement.
Category: Financial Management