The Accounting Ledger Add-On is designed to assist you account for deferred income.
Income can be earned over the term of the Loan and transferred to the General Ledger over that same period.
- Each Accounting "Ledger" defines the value to earn, the term and the method to earn.
- Each Ledger creates a transfer of income to an accrual balance sheet account.
- As time progresses each "Ledger" moves income back to the original income account.