Multi-Period Accounting
Summary
Prepaid Automation through Multi-Period AccountingContent
Currently the business is doing Prepaid Expense Journal creation and reconciliation in excel and then upload GL Journals. through ADFDi. But now we are planning to use Multi-Period Accounting in Payables module. Question is about 500 lines of existing prepaids (In-Flight)- prepaids) which is available in excel whose period range from 3 months to next 4 years, how to convert them to Oracle.
There are few options we thought:-
1. Create Recurring Journals in GL for these existing prepaids
2. Create a dummy invoice in AP and make dummy payment and then Multi-period accounting will generate from Payables itself.
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