Recognize a Deferral Schedule Line

After the invoice for a deferral schedule has been created, the company can recognize the revenue for a line in the deferral schedule.

Note: To access the forms, ensure that you have selected Sales Order Processor as the role in your settings.

Recognizing a Deferral Schedule

To create a deferral schedule, you create a sales invoice with a deferral item: 

  1. Open the Deferral Schedules List (Advanced Revenue & Expense Deferrals (ARED) > Deferral Schedules List).
  2. Select the deferral schedule you want.
    Tip: Use search filter to find the deferral schedule you want.
  3. In the Schedule Line section, select the line you want to recognize, and click Line > Functions > Recognize, which opens the Deferral Schedule Line Recognition form.
  4. Specify any recognition options you want, or accept the default values.
  5. Click the Actions tab, and click Process > Recognize.
  6. When you are asked to confirm the action, click Yes.
  7. Back on the Schedule form, the Recognized check box for the line is selected to indicate that the line has been recognized.

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