Automatically Distribute Each Month Amount to Actual Account

Summary:

Automatically Distribute Each Month Amount to Actual Account

Content (please ensure you mask any confidential information):

Hi,

As usual, user will create a prepayment which transaction amount is for one year (paid in advance).

>>Prepayment > Payment > Invoice

So, current practice, user will create a invoice with 2 different COA in the invoice line

which one is actual expense account and another one is prepayment account in the same month of the prepayment.

In the subsequent month, user will use the JV to reclass from the prepayment to actual expense account.

Example:

Prepayment - $ 12,000 ($ 1,000 per month)

Payment - $ 12, 000

In the same month,