How Does Multi Period Accounting (Expense Amortization) Work in Oracle Fusion Payables?
Last updated on JULY 10, 2017
Applies to:Oracle Fusion Payables Cloud Service - Version 126.96.36.199.0 and later
Oracle Fusion Payables - Version 188.8.131.52.0 and later
Information in this document applies to any platform.
Why is the prepaid expenses amortization on number of days for a year not based on months?
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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