How To Recognize An Expense From A Prepaid Invoice Over A Period Of Time? (Doc ID 1348848.1)

Last updated on FEBRUARY 20, 2012

Applies to:

Oracle Payables - Version: 12.1.1 and later   [Release: 12.1 and later ]
Oracle Payables - Version: 12.0.0 to 12.1.3   [Release: 12.0 to 12.1]
Information in this document applies to any platform.

Goal

Is there a functionality to recognize the following expense scenario over time for a prepaid Invoice?

An AP invoice for $1,200 for a maintenance contract with a 1 year service period. The requirement is to pay the entire $1,200 today and recognize a $100 expense over 12 future periods for which the maintenance pertains.


Solution

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