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SBS ARED Deferral Defaults Setup List

Use this page to define the default deferral accounts and templates.

In this page, you can link an item/item posting group, customer/customer posting group, and a General Ledger account with a deferral template (either straight-line or event-based). When the item, customer, group, and General Ledger accounts are used on a transaction, the associated deferral template determines how the amounts for the transaction are deferred.

For the different combination of customer, group, and General Ledger accounts, you can create different deferral default settings.

When you first open this page, no filters are applied to the data. Add filters to see only the data that you want.

Specify Deferral Default Values

To specify deferral default values,

  1. In the SBS ARED Deferral Defaults Setup List page, select New, which opens the SBS ARED Deferral Defaults Setup page.
  2. In the General FastTab, select the Gen. Bus. Posting Group and the Gen. Prod. Posting Group.
  3. In the ARED Setup FastTab, for each type of deferral, specify the default deferral type for the transaction and the default templates you want to use for the posting group combination.
  4. In the Accounts Setup FastTab, for each of sales and purchase deferrals, select the default account for each type of deferral transaction.

For each account that is selected in the Accounts Setup FastTab, perform the following additional steps: 

  1. Open the Chart of Accounts list and select an account to open the G/L account card for the account.
  2. Under the Posting FastTab, check the following: 
    • If Gen. Bus. Posting Group and Gen. Prod. Posting Group have values, then set the value for Gen. Posting Type.
    • If Gen. Bus. Posting Group and Gen. Prod. Posting Group are empty, then Gen. Posting Type must also be empty.

    3. In other words, all three of these boxes must have values or all three must be empty.

Edit Deferral Default Values

To edit a deferral default values, follow these steps:

  1. From the SBS ARED Deferral Defaults Setup List, select a record and select Edit.
  2. In the SBS ARED Deferral Defaults Setup page, edit the information as needed.

View Deferral Default Values

To view a deferral default values, follow these steps: 

  1. From the SBS ARED Deferral Defaults Setup List, select a record and select View.
  2. In the SBS ARED Deferral Defaults Setup page, review the details.

Delete Deferral Default Values

To delete a deferral default value, follow these steps: 

  1. From the SBS ARED Deferral Defaults Setup List, select a record and select Delete.
  2. When you are asked to confirm the action, select Yes.

Fields

The columns on this page correspond to the fields on the SBS ARED Deferral Defaults Setup page.