Accrued Revenue - How to Create for Multiple Estimates
This method is used where you simply wish to create multiple Accrued revenue transactions at the one time, from specific estimates
Steps
- Go to Accounting / General Ledger / Revenue Tools/ Accrued Revenue/ New Accrued Revenue
- By Default the ADD ESTIMATE button will be checked
- Check the button ADD MULTIPLE ESTIMATES
- Select the OFFICE from the drop down menu NB all the deferrals will be processed in the selected Office
- The date of the Revenue Deferral will default to today's date, which you can change if necessary
- If required you can change the ACCOUNTING YEAR and or ACCOUNTING MONTH
- Click NEXT
- In the next page all approved Estimates for the selected OFFICE for the selected ACCOUNTING YEAR and MONTH will display
- Check the box to the extreme left of the ESTIMATES for whose revenue you wish to defer
- If you wish to accrue less than 100% of the revenue from the selected invoices, then change the amount from 100 in the PERCENTAGE OF EACH LINE TO DEFER field. NB this will apply to all invoices selected.
- If you know the date you want to reverse the revenue accruals then select or enter the date in the RELEASE DATE field. NB this will apply to all invoices selected
- Click NEXT