- having the abilty for Accpac to run and post your prepaids each month end (for expenses such as insurance, property taxes, maintenance agreements) - ie. entering an invoice to AP and choosing the GL account for prepaids - then the system would ask how the expense is to be posted ie.split over a number of months equally, manually enter by period the amount, etc. Then at month end you run "prepaids" and the journal entry is automatically generated based on what was entered at the time of invoice entry. I have worked for a couple of companies with Accpac and each of them tracked prepaids in Excel and manually entered a journal entry each month to expense.
by: Janice D. | over a year ago | Financial Management
Comments
After doing first journal entry export to an excel file. The next month, change dates in that excel file and import. Takes no time at all