Prepaid expense amortization workflow

This workflow shows the key steps for setting up prepaid expense amortization, generating amortization schedules, and tracking expense recognition over time.

1. Enable prepaid expense amortization.

   Turn on prepaid expense amortization in Accounts Payable configuration.

2. Create an amortization template.

   Define how prepaid expenses are recognized, including the amortization method, posting schedule, journal, and GL account.

3. Apply an amortization details to a transaction.

   Apply an amortization template and dates to an AP supplier invoice or Purchasing transaction to generate an amortization schedule.

4. View the amortization schedule.

   Monitor posted and upcoming entries, review errors, and manually post eligible entries.

5. Run the Amortization Forecast Report.

   Analyze upcoming amortization activity and prepaid balances.