Use the
Service Parameters form to set default options for
amortizations.
-
On the
Amortization Control tab,
specify this information:
- Total Periods
- Specify the total number of periods that the amortization
amount is divided amongst. The value set on the
Distribution Accounts form is used as the
default on the
Amortizations form. For the purposes of
amortization, each month end date designates the end of period.
- Journal
- Select the accounting journal to use for the amortization.
- Select Trans Date From
- Select whether amortizations should occur at the start or the
end of the period.
- Amortize Contracts
- Select this check box to include contracts in the
amortization.
- Amortization Prepaid Expense Account
- Select an account from the chart of accounts to use for the
amortization.
- Amortization Deferred Revenue Account
- Select an offset account from the chart of accounts to use
for the amortization.You can also set amortization controls on the
Service Distribution Accounts form. On
this form, you can configure one product code to automatically generate
amortization schedules through contract invoicing, while another product code
does not.
-
Save your changes.