Hello all,
My issue is, for fixed price projects the billing and revenue recognition can be done separately. This is for revenues, but I also need d same for cost of sales.
I noticed that once I eliminate, it moves from the deferred revenue to the revenue GL, but its not doing the same for the cost of sale. For instance I posted an expense journal I insert my deferred cost GL under WIP-Cost value, expecting the acct that the system should use should be the deferred cost account, but it used the cost of sale GL instead.
I also tried using the post cost button under posted transactions, so it moves it to a balance account it didnt work.
Please how do I enable the posting such that it post to dat deferred cost den I can move it in the process of elimination.
Thanks!
