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Status Answered
Created by AgExpert Support
Created on Feb 23, 2015

Disqus Agexpert Accounting Questions Archive

I'm entering a deferred income cheque. Settlement date in Nov '14 but deferred to Jan '15. Do I do this in the transaction menu as a Receivable Charge? Quantities need to decrease in Nov '14. I'm nervous to make the entry as I'm finding editing/deleting transactions to be a bit of a nightmare. Thanks for your help.

  • ADMIN RESPONSE
    Feb 10, 2025

    You have no need to be nervous at all, you're sounding like a PRO! You're absolutely correct, enter a receivable charge dated November 14th (with all the normal income and deduction lines), then on January 15th, you'll enter a deposit and offset it with an RP (Receivable Payment) line to clear out the November 14th entry. Keep up the great work!

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