How To Recognize An Expense From A Prepaid Invoice Over A Period Of Time?
Last updated on FEBRUARY 20, 2012
Applies to:Oracle Payables - Version: 12.1.1
Oracle Payables - Version: 12.0.0 to 12.1.3 [Release: 12.0 to 12.1]
Information in this document applies to any platform.
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.
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