How Does Multi Period Accounting (Expense Amortization) Work in Oracle Fusion Payables?

(Doc ID 2229835.1)

Last updated on JULY 10, 2017

Applies to:

Oracle Fusion Payables Cloud Service - Version 11.1.11.1.0 and later
Oracle Fusion Payables - Version 11.1.11.1.0 and later
Information in this document applies to any platform.

Goal

Why is the prepaid expenses amortization on number of days for a year not based on months?

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.


 

Solution

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