I would like to know if there is a functionality in Oracle to perform auto accounting for Deferred Expenses. I'm giving below an example of my exact requirement for my professional colleagues to reply. Scenario:
The school fee for an employee's kid is paid on 1 Jan 2012 for the school year 1 June 2012 to 31 May 2013. I would like to account for the payment now as on 1 Jan 2012 showing this as Deferred Expenses and the monthly auto accounting/booking needs to start from 1 June 2012 to finish on 31 May 2013.
Is there any functionality available which will help me do this without any monthly manual intervention.
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