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Deferred Revenue & Deferred Costs
If I sell an Inventory Item that has a deferred Revenue Schedule associated with it, I get the following GL Impact when creating an invoice:
Accts Rec. xxx
__Deferred Rev xxx
Then when I fulfill the sales order, I get this:
COGS yyy
__Inventory yyy
I would have expected this upon fulfillment instead:
Deferred Costs yyy
__Invnetory______yyy
By posting to COGS directly, the cost and revenue of this transaction are not posted into the same period. How do I correct this situation? (please don't say make an offline journal entry!!!) I am hoping the transactional process can make the appropriate GL entries.
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