Although you can generate deferred expenses manually in the deferrals module, you can also generate these expenses automatically from other system modules when, for example, you dispose of an asset at a loss, or calculate deferred expenses over norm. Deferral write-off is performed automatically during each period based on an amount that is defined by the write-off period and the expense amount. You can calculate deferred expenses for an infinite number of models, using both simultaneous and independent deferrals calculations for tax, regular, and business accounts.

1. Click General ledger> Setup> Parametersto open the General ledger parametersform.

2. Click the Deferralstab.

3. In the Posting profilefield, select the posting profile that is to be used as the default for deferrals.

   Note
   The selected posting profile is displayed automatically on the deferral voucher when it is registered.

4. In the Round-offfield, enter the default round-off amount for the deferrals write-off methods. For example, if you specify the figure 0.01, values are rounded to two decimal places.

5. Under the Dimensionsfield group, select the default financial dimension.

6. In the Base value modelfield, select a base value model as the default for deferrals.

7. Click the Number sequencestab.

8. In the Number sequence code fieldfield, select the number sequence code for the Deferral ID.

9. Press CTRL+S or close the form.