To recognize revenues and expenses in periods other than the period in which the transaction is posted, you can use functionality to automatically defer revenues and expenses over a specified schedule.
Deferral functionality is available on sales documents, purchase documents, and in the general journal. The functionality provides benefits, such as:
Reduced time and effort to defer revenues and expenses after transactions are posted.
Easy reporting on deferred amounts for customers, vendors, and G/L accounts.
Make sure revenues to be posted on one sales document are deferred to the different accounting periods when the sold goods or services were delivered.
Make sure expenses to be posted on one purchase document are deferred to the different accounting periods when the involved expenses were incurred.