Lease Accounting Payments Due on the 1st of the Month
Looking for advice on how to process payments that are due on the 1st of the month.
Our Lease payments are due on the 1st of the month which means we need to process the payment in advance. This seems to contradict with the Lease Payment and Accounting setups. For example, the Nov-21 payment need to be issued in Oct-21 but since the Nov-21 invoice will have a 11/1/21 due date, it will not process in advance. I set the Pay through days high enough to pick the invoice in payables in Oct-21 but now the invoice has an accounting date after the payment date which creates discrepancies in the AP trade liability account. Has anyone found