Merged idea

This idea has been merged into another idea. To comment or vote on this idea, please visit FENXT-I-191 Invoice entry in A/P to allow for future expensing of prepaid invoices.

Prepaid Expense Module Merged

This allows for a streamlined/automated approach to recording and tracking prepaid expenses.  Similar to the Fixed Asset module, you enter the prepaid item, the vendor, designate the period covered and account to be charged, and the system calculates the monthly amount to be expensed, then a monthly journal entry is generated based on all of the prepaid items.  Currently, this process is tracked in Excel and extremely manual.

  • Guest
  • Jan 31 2018
  • Future consideration
  • Sannyasin Siddhanathaswami commented
    February 02, 2018 18:46

    Excellent idea! We tend to use encumbrances to fake prepaid over time. And I keep track of those in a separate program, and import them. But we also have some prepaid items that need actual expensing too (such as insurance). This would help there!

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