Enable prepaid expense amortization
Enable prepaid expense amortization to track prepaid expenses and automatically recognize them over time.
This setting enables the following functionality:
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Prepaid expense amortization in Accounts Payable and Purchasing
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Deferred adjustments for charges constatées d'avance (CCA) in Accounts Payable and Purchasing
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Deferred adjustments for produits constatés d'avance (PCA) in Accounts Receivable (France operating countries only)
| Subscription |
Accounts Payable Administration |
|---|---|
| Regional availability |
All regions |
| User type |
Business user with admin privileges |
| Permissions |
Administration
|
- Go to Accounts Payable > Setup > Configuration.
- In the Enable functionality section, select Enable prepaid expense amortization.
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Optionally, select the Amortization journal.
This journal is used by default when creating amortization templates, but you can override it on a template.
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Optionally, select a Historical cut-off date.
If you're migrating existing amortization schedules, enter the date from which you want Sage Intacct to begin tracking amortization activity. Entries before this date are marked Historical and are not posted by the amortization process. Learn more about the Historical cut-off date.
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Select Save.
Next step: Create an amortization template.
