Set up a Vendor Prepaid Expense on a Voucher
Set Up a Vendor Prepaid Expense on a Voucher
- On a Customer record, click on the Vouchers tab. Click on the Vouchers grid ADD icon. From the drop down menu, select Create Vendor Voucher. A “Voucher: Add” form will open
- Click the EDIT icon and complete any fields for which you have information including Payment Method and the mandatory VendInvoice No. field
- On the Line Items tab click the Find Products icon and search for the Prepaid Insurance Master. Highlight the Item in the Parts grid and click the Parts grid ADD icon. This will add the Prepaid Item to the Line Items grid
- Enter the Cost directly in the Line Items grid
- On the Line Items > Detail sub tab, change the Account to the PREPAID EXPENSES Account
- On the Line Items > Prepaid Expense sub tab, select a Begin Date and End Date
- Click the Voucher form SAVE icon
- From the Extended Menu, select Post Voucher and Release For Payment. Review transactions on the AP Journal tab