In this article, you will learn general information about PRAP calculation with case examples.
- General information about PRAP calculation
- What do the individual columns of the table in the export mean?
- Case examples
Quick access:
- Navigate to Finance / Tax Advisor / Export Lists.
- Create an export list of the type Deferred Income (PRAP).
- Select the desired observation period.
- Export the generated list in Excel format.
- Review the individual receivables and their service periods.
- Calculate PRAP-I and PRAP-II according to the specific case configuration.
General information about PRAP calculation
Deferred income (PRAP) in Magicline is calculated individually for each booking to provide accurate values for the external accounting program. Each entry is considered separately. It is important not to simply sum up the columns but to take into account the specific circumstances of each case.
What do the individual columns of the table in the export mean?
PRAP-I Days: The number of days in the service period that are available for resolution from the beginning of the observation period.
PRAP-II Days: The number of days in the service period that are still available for resolution after the observation period.
Resolution Days: The number of days in the service period that fall within the observation period and can be resolved.
Case examples
Observation period: 01.01.2024 - 31.12.2024
| Example | Start of service period | End of service period | Total days | PRAP-I Days | PRAP-II Days | Resolution |
|---|---|---|---|---|---|---|
| 1 | 01.02.2024 | 31.01.2025 | 366 | 0 | 31 | 335 |
| 2 | 01.10.2023 | 31.12.2024 | 458 | 92 | 0 | 366 |
| 3 | 01.12.2023 | 31.12.2025 | 762 | 31 | 365 | 366 |
Example 1 (Row 1 of the table):
PRAP-I Days: In this example, there are no days available for deferral before the observation period, as the service period starts within the observation period (01.02.2024), so the value is 0.
PRAP-II Days: There are 31 days available for deferral, as the service period extends beyond the observation period (01.01. - 31.01.2025).
Resolution: 335 days of the service period fall within the observation period and can be resolved.
Example 2 (Row 2 of the table):
PRAP-I Days: 92 days of the service period precede the observation period (01.10.2023 - 31.12.2023).
PRAP-II Days: The service period ends with the observation period on 31.12.2024, so no days are available for resolution after the observation period.
Resolution: In this example, 366 days can be resolved. This is the number of days in the service period that fall within the observation period (01.01.2024 - 31.12.2024).
Example 3 (Row 3 of the table):
PRAP-I Days: 31 days (01.12.2023 - 31.12.2023) precede the observation period and can be deferred.
PRAP-II Days: 365 days (01.01.2025 - 31.12.2025) can be deferred after the observation period.
Resolution: The service period from 01.01.2024 to 31.12.2024 falls within the observation period, so 366 days can be resolved.