Does ExpensePlus support deferred income?

Yes, ExpensePlus will allow you to account for deferred income in the Adjustments Screen, and this will affect the totals on your Balance Sheet report.

Click on Deferred Income (money we received in advance) in the Creditors & Debtors table at the top of the screen.

Using the 'Add New Deferred Income' button, record the details of the income to be deferred, for example, deposits received in advance for a ticketed Weekend Away.

The deferral will then appear in the deferred income table on the Adjustments screen, and you can reverse it out when the income needs to be accounted for in a subsequent financial year, using the reverse button to the right-hand side of the table.

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