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Comments
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Hello @Clarisa De Torres-Oracle, One other piece of information I was trying to access was the total amount to be amortized. For example, if I had a bill I paid to a vendor and coded to prepaid for $1,200 , which field would I use? I tried a lot of them, but can't quite get there.
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OK, I believe I have it now. I tested it out and it works. Thanks!
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OK, so then what happens then to the journal entry that is made? Does it automatically repeat every month between the start and end dates?
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Hello Tigran, I am trying to test your solution: "One option is to create Amortization Journals for each Vendor Bill, with the required amounts, and reference the Bill # in the memo. The JE will reverse the Expense and move the amount to the defined Deferral Account, and post to the Expense every month." When an…
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Thanks! I will look into the first and second methods, and will let you know!