General Ledger Deferred Income
Deferred Income Overview (continued)
There a two choices for the manner in which Deferred Income will post to the General Ledger when the Deferred Income Process is run. This is controlled by a setup option in SedonaSetup/Setup Processing (AR)/ Group Deferred Revenue By. The two options are by GL Account or by Item Type. If the option by GL Account is selected, when cycle invoices are posted, the Deferred Income to be earned will be group by unique Income Accounts assigned to the Invoice Items on the invoice. The other option of by Item Type provides more detail on how the Deferred Income will be group, by unique Invoice Items listed on the invoice.
Continue on to the next pages for examples of the Deferred Income using each grouping method.
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