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Deferred Revenue & Deferred Costs

edited Oct 18, 2008 9:48AM in Accounting / ERP 3 comments

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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