Here is a description of the fields that make up an income schedule definition.
Key: R – Read-only; * – Mandatory field
The number indicates the number of characters that are allowed in this text field, where appropriate.
| Field | Description | ||
|---|---|---|---|
| General Ledger Account | * | The deferred revenue (income) account. Used instead of the sales revenue account when the sales invoice is posted. Cannot be the Retained Earnings account. | |
| Name | * | 80 | Unique name for this income schedule definition. |
| Number of Journals | * | Number of journals used to recognize income across periods. Must be a positive integer within a recommended range of 1 to 36. For example, if your periods are monthly and you want to post quarterly maintenance income journals, set this value to 4. | |
| Period Interval | * | Interval (in periods) between journal postings. Must be a positive integer. For the example quarterly maintenance income schedule, you would set this value to 3. | |
| Use Part Periods | Indicates whether you want to use part periods. Used when the schedule start date is not the start of a period. Setting this field results in an extra posting at end to recognize the remaining income. |