Set up deferred ledger
The Deferred ledger in Maxxton is used to track deferred revenue, which is revenue that has been invoiced but not yet earned.
In the hospitality industry, this typically occurs when a reservation is paid in advance, but the service (the stay) will be provided in the future. Maxxton automatically generates a payment invoice and records the revenue in a deferred ledger until the reservation dates arrive. At that point, the revenue is recognised and transferred to the actual revenue ledger when the final invoice is generated.
Note
Deferred ledger is often named as ‘Deferred revenue’
(usually refers to #487 or #419 Paiement en avance for France)
Create a deferred ledger
If you have not yet created your standard ledgers, set those up first. You can only assign existing ledgers as the deferred ledger.
Follow these steps:
- Navigate to Finance Manager, expand the Configuration menu item, and select Admin organisation.
- Click on the kebab menu (top-right of the screen), select Edit.
- Select the deferred ledger from the drop-down.
- Select the Deferred journal from the drop-down.
- Click Update to confirm.
Note
The deferred ledger is set up per AO, so in case of multiple AOs, multiple deferred ledgers need to be configured.
Warning
Once created, a deferred ledger cannot be edited.
If you need to make changes or have specific requirements, please contact the Maxxton Support for assistance.