A deferred-revenue schedule begins with an original posted deferred liability. Choose Deferred revenue as Schedule type, give the plan a useful name and select the Deferred revenue liability account and Revenue account.
The supported balance subtypes include Other Current Liability, Long Term Liability and Deferred Revenue. Review the actual account and source journal before selecting them. A customer invoice, bank receipt or contract reference alone is not a substitute for the eligible original posted source required by the plan.
Choose the available amount, first recognition month and whole number of monthly periods. Inspect the first-month journal and Exact monthly preview, then record the accounting assumptions and supporting records. Use the reviewed agreement and accounting treatment rather than inferring revenue timing from a convenient calendar.
Saving the plan does not post revenue immediately. Each due month can prepare a source-linked draft that follows current posting permissions. Keep the plan's monthly amounts distinct from actual posted recognition and preserve the source and review history when later adjustments are needed.
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