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Openerp-7 Deferral Method

By
Ashish Singh
on 4/21/14, 9:12 AM 1,553 views

The deferral method determines whether and how account entries will be transferred to the new financial year. There are four possible deferral methods: None, Balance, Detail, Unreconciled.

None -- Nothing will be transferred (typically P&L accounts)
Balance -- Account balance will be transferred (typically Balance Sheet accounts)
Detail -- All entries are transferred, also reconciled entries
Unreconciled -- Only entries that are not reconciled on the first day of the new financial year will be transferred (typically receivable and payable).

Opening balance Journal has default debit & default credit account So i want to know that what is the deferral method of debit & credit account of Opening Balance Journal

Thanks

0

michel Guénard

--michel Guénard--
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--michel Guénard--

VP operations & finance Social entrepreneur Certified Public Accountant Past Chief internal auditor

michel Guénard
On 6/25/14, 1:05 PM

For the accounting professionals, the Deferral method refers to the logic used to recognize Revenues or Expenses in future periods.

What your are mentionning is referring to "Carry forward"

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Asked: 4/21/14, 9:12 AM
Seen: 1553 times
Last updated: 3/16/15, 8:10 AM