How Does Multi Period Accounting (Expense Amortization) Work in Oracle Fusion Payables?
(Doc ID 2229835.1)
Last updated on AUGUST 14, 2020
Applies to:Oracle Fusion Payables Cloud Service - Version 18.104.22.168.0 and later
Oracle Fusion Payables - Version 22.214.171.124.0 and later
Information in this document applies to any platform.
How to amortize prepaid expenses over 12 installments over days, etc..
For example: Rental Agreement for 365 Days which starts on 27-Dec-16 and Ends on 26-Dec-17(365 Days) Requirement is to amortize the rental expenses equally for over 365 days (366 days for leap year) of year.
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