About adjustment of the customer total paid amount in months

Jameetagilsys · ‎March 06, 2019

hello,

In my business, i want to adjust the amount of customer equally in all months. Lets say a customer pay the 12000 for a year i want to adjust that 12000 equally for each month like 1000 per month. Is it possible? If yes the please help me out. Thanks

Rustler · ‎March 07, 2019

create a liability account called deferred revenue, and use that account as the income account on the item you sell

create a journal entry

debit deferred revenue, 1,000

credit income, 1,000

use that entry monthly, you can schedule it in recurring transactions to make that happen

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About adjustment of the customer total paid amount in months

About adjustment of the customer total paid amount in months

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