Accounting AP

Recognize Monthly Prepaid Expenses

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Recognize Monthly Pre-Paid Expenses

Recognize Monthly Prepaid Expenses

1. On a Posted Voucher that has been set up for a Prepaid Expense, review the AP Journal tab.  There should already be a Payment listed in the Grid
2. Navigate to Accounting Main Menu > Month End > Post Pre-Paid Expense.  A Post Prepaid Expense pop up window will open.  Note: Post Date defaults to the end of the current month.  Select a Company (in a multi-Company setup) and click the OK button
3. On the Posted Voucher, refresh the AP Journal tab to view the Prepaid Expense positive and negative lines
4. On the Voucher > Line Items tab > Prepaid Expense sub tab, note the Prepaid Exp Period number has auto-populated
5. To verify entries, go to Live Data Main Menu > Accounting > Prepaid Expense Journal Entries.  Select your data set using the Filters icon.  Note: you may also view entries on the Live Data Main Menu > Accounting > Prepaid Expense Listing