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Payables and Cash Management - EBS (MOSC)

Multi period setup with two segments - Cost center and Accounts segment

May 9, 2015 2:49AM edited Apr 3, 2019 9:15AM in Payables and Cash Management - EBS (MOSC) 6 commentsAnswered

The business requirement is such that a company pays of a prepaid item such as Prepaid Rent for a 12 month period. The company want to amortise this prepaid expenses across more that one cost center and the rent expense account.

Example

Prepayment -

Dr. 10.000.0000.1521000.000.0000 1,200,0000

Cr. 10.000.0000.2511000.000.0000 1,200,000

Amortization

Month 1

Expense

Dr. 10.000.1200.5488000.000.0000 50,000

Dr. 10.000.1350.5488000.000.0000 30,000

Dr. 10.000.1540. 5488000.000.000 20,000

Cr. 10.000.0000.1521000.000.000 100,000

Month 2

Dr. 10.000.1200.5488000.000.0000 50,000

Dr. 10.000.1350.5488000.000.0000 30,000

Dr. 10.000.1540. 5488000.000.000 20,000

Cr. 10.000.0000.1521000.000.000 100,000

Please how can I achieve this task. Two segments are involved - The cost center segment and the Natural accounts segment.

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