Deferred Accounts

Deferred Accounts

Deferred Accounts is a customer-centric, functional add on which easily integrates with SAP Business One, and makes accounting and reporting for future revenue and expenses simple and efficient. 

Additional journal entries

The AddOn Factory Deferred Accounts solution allows invoices and credit notes in the sales and purchase ledgers to generate an additional journal entry for transactions that need to be deferred with multiple frequencies e.g. monthly, daily.

Account for future revenue

With our add-on software, you can accurately and efficiently account for situations where you need to recognise revenue in future periods, streamlining your accounting and giving you peace of mind when it comes to your business’s finances and correct reporting.

Deferred Expenses:

Are expenses that have already transacted but which will only be accounted for or recognised at a future date. – e.g. Prepaid Insurance.

Deferred Revenue:

Is revenue for goods or services that have been settled before the delivery of the product or conclusion of the service and so the payment will only be added to the revenue account at a future date. – e.g. Bulk materials purchased and paid for in advance.

Fully automated postings based on previous entries and schedules.

Effortlessly keep track of future dated posting and ensure all accounts are accounted for.

Easily schedule deferred amounts and periods ahead of time with related reporting.

This new solution has been designed for fast implementation on-premise and in the cloud with minimal training required.