Deferred Income

SUGGESTED
We bill customers for services that will be delivered over the course of a year, or multiple years. Sage does not appear to have an elegant way to track the deferred income, without multiple rjournals every month to tidy up a separate deferred income NL code. Is there not some add on that allows Sage to better handle future/deferred income to be recognized when it is earned, simply by entering the start and end date of the invoice "cover" dates?
  • 0
    SUGGESTED

    Hi Keith,

    Thanks for using our Product Support Community. You can post journals in Sage Accounts to spread the effect of a sale over several months (deferred income).

    We recommend that you record the deferred income in the Current Liabilities range of your nominal structure. Full info on how to do this here.

    We don’t have an official add on for recording deferred income. However, there's a number of Sage integrated software which has been developed by the Sage Developer Network.

    For details and information on the companies who have developed integrated software, please visit the Sage Additions area of our website.

    You'll need to: 

    1. Select 'Enter search text:' - type in the relevant words to search for, e.g. income
    2. Select from dropdown list 'Which Sage product is it for?'
    3. Click 'Search'

    This will list the Sage addition software and the supplier, as well as giving further information about the software and the supplier contact details.

    If this has answered your question, please click on the ‘This helped me’ link below.