Example: Accrual/Deferral
Example 1: Credit-side rent paid in advance
Deferred Items: Using accrual and deferral postings, expenses paid in advance and revenues collected in advance are transferred to the income statement of subsequent accounting periods. |
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Vendor/Receivables |
Space Costs |
Contract Clearing |
Object Costs |
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Distribution |
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USD 3,000.00 |
USD 3,000.00 |
Contract |
Contract |
USD 3,000.00 |
USD 900.00 |
Object 1 |
0,30 |
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USD 2,100.00 |
Object 2 |
0,70 |
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Rent Paid in Advance |
Deferred Expense |
Flow Type |
Relationship Key |
Ref. Flow Type |
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Contract |
USD 2,000.00 |
USD 2,000.00 |
V100 |
034 |
Transfers for general contract |
V500 |
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USD 2,000.00 |
Contract |
V100 |
005 |
Clearing deferred income |
V112 |
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USD 600.00 |
Month 1 |
V100 |
007 |
Deferred income |
V114 |
|||||||
USD 1,400.00 |
V500 |
005 |
Clearing deferred income |
V512 |
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Contract |
V500 |
007 |
Deferred income |
V514 |
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USD 1,000.00 |
USD 1,000.00 |
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USD 1,000.00 |
Contract |
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USD 300.00 |
Object 1 |
Month 2 |
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USD 700.00 |
Object 2 |
Contract |
Debit |
Credit |
Month |
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Debit Position |
1 st Document |
USD 3,000.00 |
USD - |
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USD 1,000.00 |
Contract |
USD 1,000.00 |
2 nd Document |
USD - |
USD -3,000.00 |
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Contract |
USD 1,000.00 |
Deferral |
1 st Month |
USD 2,000.00 |
USD -2,000.00 |
USD - |
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USD 300.00 |
Object 1 |
Month 3 |
2 nd Month |
USD 1,000.00 |
USD -1,000.00 |
USD - |
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USD 700.00 |
Object 2 |
3 rd Month |
USD 1,000.00 |
USD -1,000.00 |
USD - |
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Summarized Posting |
Month 1 |
Account |
Amount |
Account assignment |
Object 1 |
Debit |
Credit |
Month |
||||
Rent Paid in Advance |
USD -2,000.00 |
Contract |
Debit Position |
1 st Document |
USD - |
USD - |
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Deferred Expense |
USD 2,000.00 |
2 nd Document |
USD 900.00 |
USD - |
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Caution: |
Various |
Rent Paid in Advance |
USD 2,000.00 |
Contract |
Deferral |
1 st Month |
USD - |
USD - 600.00 |
USD 300.00 |
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flow types! |
Rent Paid in Advance |
USD - 600.00 |
Object 1 |
2 nd Month |
USD 300.00 |
USD - |
USD 300.00 |
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Rent Paid in Advance |
USD -1,400.00 |
Object 2 |
3 rd Month |
USD 300.00 |
USD - |
USD 300.00 |
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Month 2.3 |
Account |
Amount |
Account assignment |
Object 2 |
Debit |
Credit |
Month |
|||||
Rent Paid in Advance |
USD 1,000.00 |
Contract |
Debit Position |
1 st Document |
USD - |
USD - |
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Deferred Expense |
USD -2,000.00 |
2 nd Document |
USD 2,100.00 |
USD - |
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Rent Paid in Advance |
USD -1,000.00 |
Contract |
Deferral |
1 st Month |
USD - |
USD -1,400.00 |
USD 700.00 |
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Rent Paid in Advance |
USD 300.00 |
Object 1 |
2 nd Month |
USD 700.00 |
USD - |
USD 700.00 |
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Rent Paid in Advance |
USD 700.00 |
Object 2 |
3 rd Month |
USD 700.00 |
USD - |
USD 700.00 |
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Example 2: Credit-side rent paid in arrears
Accrued items: Using Other receivables (debit-side) and Other payables (credit-side) revenues or expenses that are applicable to subsequent accounting periods are accounted for ahead of time in the current new period. |
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Vendor/Receivables |
Space Costs |
Contract Clearing |
Object Costs |
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Posting in 3 rd Month |
Posting in 3 rd Month |
Distribution |
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USD 3,000.00 |
USD 3,000.00 |
Contract |
Contract |
USD 3,000.00 |
USD 900.00 |
Object 1 |
0,30 |
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USD 2,100.00 |
Object 2 |
0,70 |
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Rent Paid in Arrears |
Other Payables |
Flow Type |
Relationship Key |
Ref. Flow Type |
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USD 1,000.00 |
Contract |
USD 1,000.00 |
V100 |
034 |
Transfers for general contract |
V500 |
||||||
Contract |
USD 1,000.00 |
V100 |
006 |
Clearing accrued expense |
V111 |
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USD 300.00 |
Month 1 |
V100 |
008 |
Accrued expense |
V113 |
|||||||
USD 700.00 |
V500 |
006 |
Clearing accrued expense |
V511 |
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Contract |
V500 |
008 |
Accrued expense |
V513 |
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USD 1,000.00 |
USD 1,000.00 |
|||||||||||
USD 1,000.00 |
Contract |
|||||||||||
USD 300.00 |
Object 1 |
Month 2 |
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USD 700.00 |
Object 2 |
Contract |
Debit |
Credit |
Month |
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Deferral |
1 st Month |
USD 1,000.00 |
USD -1,000.00 |
USD - |
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Contract |
USD 2,000.00 |
USD 2,000.00 |
2 nd Month |
USD 1,000.00 |
USD -1,000.00 |
USD - |
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USD 2,000.00 |
Contract |
3 rd Month |
USD 2,000.00 |
USD -2,000.00 |
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USD 600.00 |
Object 1 |
Month 3 |
Debit Position |
1 st Document |
USD 3,000.00 |
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USD 1,400.00 |
Object 2 |
2 nd Document |
USD -3,000.00 |
USD - |
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Summarized Posting |
Month 1,2 |
Account |
Amount |
Account assignment |
Object 1 |
Debit |
Credit |
Month |
||||
Rent Paid in Arrears |
USD 1,000.00 |
Contract |
Deferral |
1 st Month |
USD 300.00 |
USD - |
USD 300.00 |
|||||
Other Payables |
USD -1,000.00 |
2 nd Month |
USD 300.00 |
USD - |
USD 300.00 |
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Caution: |
Various |
Rent Paid in Arrears |
USD -1,000.00 |
Contract |
3 rd Month |
USD - |
USD - 600.00 |
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flow types! |
Rent Paid in Arrears |
USD 300.00 |
Object 1 |
Debit Position |
1 st Document |
USD - |
USD - |
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Rent Paid in Arrears |
USD 700.00 |
Object 2 |
2 nd Document |
USD 900.00 |
USD - |
USD 300.00 |
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Month 3 |
Account |
Amount |
Account assignment |
Object 2 |
Debit |
Credit |
Month |
|||||
Rent Paid in Arrears |
USD -2,000.00 |
Contract |
Deferral |
1 st Month |
USD 700.00 |
USD - |
USD 700.00 |
|||||
Other Payables |
USD 2,000.00 |
2 nd Month |
USD 700.00 |
USD - |
USD 700.00 |
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Rent Paid in Arrears |
USD -2,000.00 |
Contract |
3 rd Month |
USD - |
USD -1,400.00 |
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Rent Paid in Arrears |
USD - 600.00 |
Object 1 |
Debit Position |
1 st Document |
USD - |
USD - |
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Rent Paid in Arrears |
USD -1,400.00 |
Object 2 |
2 nd Document |
USD 2,100.00 |
USD - |
USD 700.00 |
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