Deferral Accounting Rules are used to report earnings/costs which should be assigned to a later Accounting Period. For example, you decide to bill a Media Campaign in advance of the actual run time. In this situation, you receive income in an accounting period, that should be assigned to a later one. Deferral rules establish where this cost/revenue should be reported and can be used to create the necessary Accounting Records accordingly.
There are two different type of collection rules
Deferral - Cost
Deferral - Revenue
Set up your Deferral Rule
- Select the correct rule type
- Give your rule a name
- Enter the Account Number, Cost Center, Internal Order, etc which you like to assign this cost/revenue to
- Optionally enter a validity period
- If this is related to Third Party, enter a TPC Account
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Depending on which process these rules are used in, they can create different types of Accounting Records:
| Accounting Rule | Process | Accounting Record Type (Debit/Credit) |
|---|---|---|
| Deferral - Cost | Deferral Creation | Deferral - Cost |
| Deferral - Cost | Deferral Reverse | Deferral - Cost - Reverse |
| Deferral - Revenue | Deferral Creation | Deferral - Revenue |
| Deferral - Revenue | Deferral Reverse | Deferral - Revenue - Reverse |