Deferred revenue

Hello List,
What application do you use to handle deferred revenue and allocations of revenue into the future?
Thanks.

Alex
XE, Oracle, Solaris

Use one of the allocation methods to generate a JE to allocate revenue.

Indexed if you know the % to be offset on a monthly basis or Recurring would do the job as well.

Let us know how you decide to do it

A while ago (World and early OneWorld) there was a "deferred" revenue element to SOM. It wasnt very good about apportioning revenue against the "life" of the product/service but it was there....
Unfortunately it seems to have been removed from more current versions 7334.
Hence I agree with MDH that you should post the revenue to a clearing account and then repost it to the true accounts over the life of the product/service.
I guess you know the life of the product/service....

Best regards

Peter

Here are a few more alternatives. You can set up an allocation program to capture the revenue. You can also setup an asset account and amortize the revenue using the depreciation program.

peterban <[email protected]> wrote:A while ago (World and early OneWorld) there was a "deferred" revenue element to SOM. It wasnt very good about apportioning revenue against the "life" of the product/service but it was there....Unfortunately it seems to have been removed from more current versions 7334. Hence I agree with MDH that you should post the revenue to a clearing account and then repost it to the true accounts over the life of the product/service.I guess you know the life of the product/service....Best regardsPeter
Product Specialist
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World, OW B733X and Xe

The percentage would be great because the revenue has to be recognized based on different periods (year, two, 6 months etc.)
What is the allocation method? What's the application?
Thanks.

Alex.

First of all, record the revenue to your "Deferred revenue Account, let's say 10.2030

Then, go set up the allocation by using
G09 General Accounting
G0920 Periodic Processing
G0923 Allocations
then select Indexed allocation P09121
From there you should be able to setup your allocation for weekly, monthly, bi-weekly or bimonthly or semi-anually or yealy as desired.
You can set up as many as you need to according to the terms of amortization.

In the grid part of the allocation setup, you would tell the system that the source for the amount is 10.2030 (Deferred Revenue) and that the target or TO is Revenue) and the Contra-clearing account should be the Deferred Revenue account)

E-mail if in need of more help.

MDH
480-346-6462