Term
What is accruals and deferrals (transitorische posten)? Meaning and explanation
Accruals and deferrals (transitorische posten) are balance sheet items that allocate expenses or income to the period they relate to when payment and consumption fall in different periods.
Definition
Accruals and deferrals (transitorische posten) are balance sheet items that allocate expenses or income to the period they relate to when payment and consumption fall in different periods.
Also known as: Transitorische post, Transitorische posten, Overlopende post, Accruals and deferrals
Accruals and deferrals ensure that expenses and income end up in the result of the right period. There are four types: prepaid expenses, accrued expenses, deferred income and accrued income. An annual insurance premium paid in January, for example, is spread over twelve months through a deferral.
For a firm, accruals and deferrals are important for reliable monthly and quarterly figures and for the annual accounts. If they are forgotten, the result fluctuates artificially per period and interim reports are wrong. Recognising invoices that cover a longer period, such as annual subscriptions, licences or rent paid in advance, requires attention during processing.
Autoboeker supports accruals and deferrals as part of core processing, for all four connected packages. An invoice covering a longer period can therefore be treated as an accrual or deferral during processing instead of landing entirely in one month. With administration rules and AI instructions you record how your firm spreads certain types of invoices over periods.
Example
A software licence of 1,200 euros for the full year is paid in January. Through a deferral, 100 euros is recognised as an expense each month.
FAQ
Questions about accruals and deferrals (transitorische posten).
Prepaid expenses, accrued expenses, deferred income and accrued income.
Yes. Accruals and deferrals are part of core processing and available for Exact Online, Twinfield, SnelStart and e-Boekhouden.
Further reading
Related in the knowledge base.
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