Hi all, I see that ERPNext V13 comes with the Deferred Income and Deferred Expenses processing which are very good. But there is no specific process for Accrued Income. How should we process the booking of Accrued Income in ERPnext? The difference between Deferred Income and Accrued Income:
- Deferred Income is the Liability Account. We issue invoice to customer before recognize the revenue (we bill in advance).
- Accrued Income is the Asset Account. We recognize revenue in our our book, but we have not issue the billed to customer yet.