What is an Income Schedule Definition?

An income schedule definition is a predefined template used to create an income schedule Used to spread the income (revenue) from a sales invoice across a range of accounting periods. for a sales invoice A commercial document issued by a seller to a buyer, indicating the products, quantities and agreed prices for goods or services that have already been provided. You issue sales invoices and receive payable/purchase invoices.. All periods in the schedule must be open.

The Income Schedule Definitions tab displays a home page that lets you quickly create and locate your income schedule definitions. You can also sort and filter your income schedule definitions using standard and custom list views Give you instant access to specific sets of data. In addition to using existing views, you can create custom list views for the items most relevant to you.. In addition, this tab lets you view and edit detailed information on each income schedule definition.

The Income Schedule Definition object is an organization-level object Custom object that exists across all companies in an organization (org)..

What is a part period?

A part period occurs when the scheduled start date is part-way through a period as in this example. The income is apportioned between the first period and an extra period at the end of the schedule.

Example Income Schedule:

Income Schedule	Monthly Maintenance	Invoice Net Total	1,200.00
Number of Journals	12	Start Date	12/02/2009
Period Interval	1	Use Part Periods

Year/Period	Amount
2009/002	60.71	Calculation: (Invoice net total/no of journals) * (days remaining in period/total days in period)
2009/003	100.00
2009/004	100.00
2009/005	100.00
2009/006	100.00
2009/007	100.00
2009/008	100.00
2009/009	100.00
2009/010	100.00
2009/011	100.00
2009/012	100.00
2010/001	100.00
2010/002	39.29	Remainder