What is deferred expense in SAP SRD-FIN-COR - FIN-Cost and Revenue?

SAP Term: deferred expense

• Component: SRD-FIN-COR

• Component Name: FIN-Cost and Revenue

• Description: An expense that is recorded in an accounting period but not yet recognized in that period. Deferred expenses are held on deferral accounts until they are recognized.

Smart SAP Assistant

• Key Concepts: 
  A deferred expense is an expense that has been incurred but not yet paid. It is recorded as an asset on the balance sheet until it is paid, at which point it is reclassified as an expense. In SAP, deferred expenses are recorded in the SRD-FIN-COR FIN-Cost and Revenue Accounting component. 
  
  How to use it: 
  In SAP, deferred expenses are recorded in the SRD-FIN-COR FIN-Cost and Revenue Accounting component. This component allows users to record and track expenses that have been incurred but not yet paid. The system will then track the payment of these expenses and reclassify them as expenses when they are paid. 
  
  Tips & Tricks: 
  When recording deferred expenses in SAP, it is important to ensure that all relevant information is included in the entry. This includes the date of the expense, the amount of the expense, and any other relevant details. Additionally, it is important to ensure that all payments for deferred expenses are tracked and recorded in a timely manner. 
  
  Related Information: 
  For more information on how to use SAP to record and track deferred expenses, please refer to the SAP Help documentation for SRD-FIN-COR FIN-Cost and Revenue Accounting. Additionally, for more information on accounting for deferred expenses in general, please refer to the Generally Accepted Accounting Principles (GAAP).