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Place Hold

Modules > Advanced revenue & expense deferrals > Deferral schedules > All deferral schedules > [select a deferral schedule] > [select Hold > Place hold]

Use this page to specify the details of the hold for a deferral schedule.

Place Hold on Schedule

Put a deferral schedule on hold: 

  1. From the All Deferral Schedules list or the Schedules form, select the deferral schedule you want, and select Hold > Place hold.
  2. On the Place Hold page, select whether you want to transfer the balance from the deferral account ot the hold account.
  3. If you select to transfer the balance, select the Journal name and the On hold account, and specify the Transaction date.
  4. Select OK.

Fields

This page contains the following fields: 

Field Description
Transfer Balance to On Hold Account

Indicate whether the deferral balance is transferred to the on-hold account after the hold is placed on the deferral schedule:

  • Yes: Transfers any outstanding balance for the deferral schedule to the on-hold account. When selected, you can specify the values for the other boxes on this form.
  • No: Retains any outstanding balance for the deferral schedule in its current account.
Journal name

Specify the journal name.

Transaction date

Specify the date on which the journal entry is posted.

On hold account Specify the deferral revenue on-hold account.

Buttons

This page contains the following buttons: 

Button Description
OK

Changes the deferral schedule status to On hold. If the transfer balance option is selected, a journal voucher is created to move the balance to the On hold account.

For a short-term deferral schedule, the total unrecognized amount is transferred from the long-term deferral account to the On hold account. If the short-term deferral account has a non-zero value, the short-term amount is also transferred to the On hold account.

Cancel

Cancels all changes and closes the page.