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How to handle deferred cost accounting in PPM

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edited Oct 22, 2020 4:01AM in Project Management 2 comments

Summary

How to systematically move costs from deferred account to expense account in PPM

Content

Looking for ideas / potential workarounds on how to systematically move project costs from deferred account to the expense account in PPM.

Scenario: For some cloud based IT Projects, the software development cost is initially posted to the deferred account and then expensed over a specified period, say 36 months.

We can always do a manual GL entry for moving costs from deferred to expense account. Wondering if there is a better way?

Any inputs will be be appreciated.

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