Accounts Payable > Deferred Expense > Schedule Expense Amortization

The Schedule Expense Amortization function allows you to specify the time frame and manner in which the deferred expenses will be amortized. AccountMate Enterprise supports two methods of expense amortization: Straight-line and Specific.

Authorized users can override the straight-line method settings defined in the AP invoice as long as nothing has been amortized for that line. If the deferred expense line item is assigned the specific method, authorized users can edit only the un-posted cycles by changing the amounts and dates when these are expected to be fully consumed.

Note: The Schedule Expense Amortization function is available and accessible only if the Expense Amortization feature is activated in the AP Module Setup function.

To create an expense amortization schedule, perform the following steps:

1.Access the Schedule Expense Amortization function from the Routine Tasks main menu in the Accounts Payable module.

2.Specify in the Selection Criteria Page the criteria that AccountMate will use to filter the deferred expense invoices assigned with GL distribution accounts that need to be amortized. Click the Next button to proceed.

3.In the Amortization Schedule Page, review or update the amortization schedule for each AP invoice with at least one deferred expense line item. You may also change the assigned expense amortization method, if necessary.

4.When you are ready, click the Save button in the Transactions toolbar to save any changes you have made; otherwise, click Cancel to discard any changes.

Schedule Expense Amortization

Schedule Expense Amortization

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