How to calculate deferred income

Handling deferred income is a critical step towards compliant accounting, and a time-consuming one. With ProAbono there is no complex calculation to run: the solution does it for you. Here is how to use the feature.

Procedure

1. Open the Deferred Incomes list

1. Sign in to your ProAbono account.
2. Go to the Invoices & Payments section.
3. Click All lists & exports.
4. In the available lists, click Deferred Incomes.

2. Set the fiscal year-end date

1. Enter the closing date of your fiscal year — 31 December, for example.
2. Once the date is set, ProAbono automatically calculates:
   • the revenue to recognise in the current fiscal year (N),
   • the revenue to carry over to the next fiscal year (N+1).

No formula and no manual adjustment are required: ProAbono handles it.

3. Export the data

Once the calculation is done, click the Actions button at the top right.

1. Select Export from the drop-down menu.
2. Choose the export format (CSV) to move the data into your accounting software or share it with your team.

Worked example

Situation A customer subscribed to an annual subscription on 1 July for €1,200.

What ProAbono does for you if your fiscal year ends on 31 December:

• It identifies that €600 (July to December) is to be recognised in fiscal year N.
• It carries the remaining €600 (January to June) over to fiscal year N+1.

In a few clicks the data is ready to be included in your financial reports.

Tip

For a full description of the list itself — its columns, filters and export options — see List Deferred Incomes.