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Account Type: Other Current Asset vs Deferred Expense?

edited Jun 13, 2012 10:33AM in Accounting / ERP 2 comments

Hello,

We're implementing the Amortization feature, and we'd like to use our existing Pre-Paid expense accounts, which are of type "Other Current Asset", as the Deferral Account. 

NetSuite documentation says you're supposed to use "Deferred Expense" accounts.   However after doing some testing in sandbox, I don't see any issues or errors: the GL impact of the bill is correct, and the amortization schedules and journal entries get created as expected.

Does anyone have any experience with this? 

I spoke with NetSuite support, and they're researching it, but the support rep said they didn't have any existing case history on this question, which I find surprising.  It seems likely to me that anyone who didn't implement Amortization during their initial go-live would have set-up their pre-paids as Other Current Asset accounts.

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