Deferred expenses are accounted in a separate module, so that they can be used in accounting for a number of models. This allows immediate and independent accounting of deferred expenses in tax and ledger accounts.

Deferred expenses can be formulated both manually in the module and automatically from other system modules. As an example, you might account standard expenses above the norm when selling a depreciated property at a loss. Writing off deferred expenses occurs automatically during each accounting period, based on an amount defined by the writing-off period and the expense amount.

In accordance with Chapter 25 of the Russian Federation tax code, analytical accounting is performed separately for each item. These can include fixed assets, contracts for completion of NIOKR, and so on, which are linked to taxpayer-borne expenses (losses). Analytical accounting is also performed separately for types of expenses (losses) that are recognized for the purpose of levying deferrals.

See Also