Converting existing deferred income items
When you begin using iMIS to manage your deferred income, you have two options for dealing with the balance in the deferred income accounts at conversion time:
- Do Not Convert - Continue to create manual deferred income-to-regular income transfer entries only for the amounts currently in deferred income until all amounts are recognized. This may be the best method if your monthly income figures are already itemized in a manually prepared spreadsheet.
- Convert - Convert the deferred income balance by building an initial deferred income matrix before you begin adding iMIS deferred income transactions through the GL interface procedure.
More:
Conversion methods for building the initial matrix
Deferred Income Schedule Records window