# Deferral

> Deferral — Cash paid or received ahead of the expense or revenue it relates to, held on the balance sheet — as a prepaid or deferred revenue — until consumed or earned.

Source: https://lopifi.com/glossary/deferral
Part of: Lopifi — US GAAP books on autopilot, checked by a CPA (https://lopifi.com)

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**What is deferral?** In accounting, deferral means cash paid or received ahead of the expense or revenue it relates to, held on the balance sheet — as a prepaid or deferred revenue — until consumed or earned.

## Words this system refuses for it

- accrual (the opposite timing)

- **Category:** Close
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Rendered by:** [adjusting-entry-form](https://lopifi.com/md/components/adjusting-entry-form)
- **Related:** deferred-revenue, balance-sheet, expense, revenue