Prepaid amortization in Accounts Payable module

pmaier

I'd like to hear from anyone that is currently using prepaid functionality in the Accounts Payable module.  Based on what I've seen in the user guide, you can enter a prepayment in AP, and then apply the invoice to that prepayment when it's processed.  I don't see any functionality for amortizing the payment over the coverage period except in the Reconcile module which we don't have.  If you are using the AP module to amortize that expense, please point me in the right direction.

amacknig

in the AP20 invoice entry form, under the asterisk button, are the fields to populate in order for Lawson to spread the expense coded to a prepay balance sheet account. Under the description field we like to put the Vendor name and invoice number so that the information shows in the GL238 report. then click the Recurring Journal button. There you will enter a Recurring Journal number, the company, GL account to be expensed to, the year(s) periods, for the invoice to be expensed thru. once the invoice has been posted you can use the GL238 report to monitor the amounts processed and the amounts left to process. Also, by utilizing this method to expense a prepay, in GL90, you can drill into the originating AP invoice under the RJ entry.