Processing deferred income transactions

Although the entries to record deferred income and subsequently recognize income are generated during the GL interface procedures, the determination of when the income will be recognized occurs as you process each transaction. Deferred income processing requires the following information:

• Deferred income account codes - The deferred income account must be entered on the Set up products window and the Event Function Definition - Fees window for all relevant products for which income recognition should be deferred. You must specify these accounts to enable deferred income processing.
• Verification of Begin Date and Term - For event registration and exhibition/exposition order transactions, verify that the event's Begin Date is correct. For dues/subscription products, verify that the billing term on each customer/subscriber's deferred line item is correct.

More:
Deferring events/exhibition/exposition income
Deferring dues/subscriptions income
Verifying the dues/subscription deferral term
Ensuring an accurate deferral term
Processing adjustments of deferred income