Learn about Redwood and be one of the first to join the conversation

Visit Redwood Community
Multi period for previous months — Cloud Customer Connect
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Multi period for previous months

Accepted answer
1
Views
1
Comments

Hello Guys,

I would like to know if there is a way to amortize cost for several period at one go in a specific period.

Example of Scenario:

We have received an invoice in Aug-22 for the Amount of $120k which represent cost for Jan-22 to Dec-22 and at time of processing the invoice we will have to expense the cost Jan-22 to Aug-22=$80k and amortize the remaining cost of $40k from Sep-22 to Dec-22.

-----------------------------------------------

Actually user is splitting the PO matching line into two

Line 1 = $ 80k - Expense Directly

Line 2 = $ 40k - Multiperiod Accounting Start Date: 01-Sep-22

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!