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Amortiziation of Prepaid Expenses headed for Costs of Services Sold
I have an outsourced service a part of a kit I sell. The kit revenue is recognized over 12 months.
When the kit is sold (or even I could accept when the vendor invoices me for the service for that kit), I would like to hit the prepaid expense account and then have an ammoritization schedule unwind it to the P&L as a Cost of Service (direct cost) in line with the revenue.
Thereby my expenses and revenue would match. As it is now, I see a little revenue and the entire expense hit the expense (non-direct) account in the Income Statement.
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