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Deferred Income Calculator


If you bill for services in advance of delivering them, when posting these sales to your ledgers, you are inflating your sales nominal totals without having any relevant expenses of this future delivery.  This means your Profit and Loss in inaccurate.

The solution is our deferred income calculator which is available right now as part of our Workplace Suite, Recurring Billing Software for Sage 50 and Sage 200.

 

Within the recurring bill template you define when you actually start delivering the services that you have billed for in relation to the bill production date, for example; one month and 15 days. Having already defined the frequency of the bill, say quarterly, we can automatically provide a simple detailed and summary report. This is detailed by sales nominal code enabling your management team to make a simple adjusting journal as part of their end of month procedures.