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Support Center / Prepaid Expenses / Manage

Create a Prepaid Expense schedule

Create a prepaid schedule while categorizing a transaction when an expense should amortize over future periods, resulting in a schedule and saved transaction category.

Workflow

Step 1

Open Bookkeeping

Use the highlighted control to continue through the workflow.

Screenshot showing Open Bookkeeping

Step 2

Select the Bank / Credit Card accounts you want to review

Choose the option that matches the account, period, or schedule you are working with.

Screenshot showing Select the Bank / Credit Card accounts you want to review

Step 3

Select the Transaction date

Choose the option that matches the account, period, or schedule you are working with.

Screenshot showing Select the Transaction date

Step 4

Select the Transaction you want to categorize as Prepaid Expense

Choose the option that matches the account, period, or schedule you are working with.

Screenshot showing Select the Transaction you want to categorize as Prepaid Expense

Step 5

On the Transaction Side Panel, Select Payee

Choose the option that matches the account, period, or schedule you are working with.

Screenshot showing On the Transaction Side Panel, Select Payee

Step 6

In the Category section, search and select the Prepaid Expenses account

Choose the option that matches the account, period, or schedule you are working with.

Screenshot showing In the Category section, search and select the Prepaid Expenses account

Step 7

Select the Amortization convention method

Choose the option that matches the account, period, or schedule you are working with.

Screenshot showing Select the Amortization convention method

Step 8

The Schedule Preview will now be automatically calculated

Use the highlighted control to continue through the workflow.

Screenshot showing The Schedule Preview will now be automatically calculated

Step 9

Save the schedule

Use the highlighted control to continue through the workflow.

Screenshot showing Save the schedule

Step 10

Save changes

Use the highlighted control to continue through the workflow.

Screenshot showing Save changes

Step 11

Select Close button to exit the Transaction Side Panel

Use the highlighted control to continue through the workflow.

Screenshot showing Select Close button to exit the Transaction Side Panel

Step 12

Review the schedule

Confirm the page shows the expected result before continuing to the next step.

Screenshot showing Review the schedule

What to verify

Confirm the prepaid account, amortization convention, and schedule preview before saving the transaction.

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