Hi All,
We've got a prospective customer who is needing a better way to handle deferred income...(They initially post new business to a Deferred Income Liability account. Then each month they invoice their customer & receive payment, & that portion will be removed from the Deferred Income account & posted to the income statement account).
It says in the byDesign library these can be done manually by posting journal entry vouchers through the GL. But is there a way to automate this process? I'm sure I may be missing it in the forums/discussions here, but can someone point me in the right direction...
thanks a ton,
-Ben