In this article, you will learn general information about deferred income calculation with case examples.
- General Information about deferred income Calculation
- Case Example 1: Due Date within the Observation Period
- Case Example 2: Due Date outside the Observation Period
Quick Guide
- Navigate to Finance / Tax Consultant / Export Lists.
- Create an export list of the type Deferred Income.
- Select the desired observation period.
General Information about deferred income Calculation
Passive accruals (deferred income) in PerfectGym Next are calculated individually for each booking to deliver the correct values for the external accounting program.
Each entry is considered individually. It is important not to simply add up the column totals, but to consider the specific circumstances of each case.
For a list of the passive accruals, go to Finance / Tax Consultant / Export Lists. Create a new export list and choose the type Deferred Income when the window opens.
You will then have the option to choose between the different fees, and you can enter the desired period. Once you click Create, you can then export the generated list in Excel format.
Review the individual receivables and their performance periods and calculate deferred income-I and deferred income-II according to the specific case configuration.
Case Example 1: Due Date within the Observation Period
Due Date: Falls within the observation period.
Performance Period: Starts before the observation period and ends during or after it.
Calculation: Depreciation made in previous periods are missing in the current period (deferred income-I), as it is the residual value before the period.
The entire receivable is added to the current period because the due date falls within it. The calculation for deferred income-II results from deferred income-I minus any dissolution.
Case Example 2: Due Date outside the Observation Period
Due Date: Falls after the observation period.
Performance Period: Starts in the observation period and ends after it.
Calculation: deferred income-I is 0, as the payment period only begins in the observation period. There is only a write-off of the original receivable according to the proportional, daily amount. Deferred income-II is calculated by subtracting the dissolution from the original receivable.