Prepaid expense schedule definitions provide a template that you can use to create prepaid expenses.
A default prepaid schedule definition, named Monthly and with a Journal Interval in Months value of 1, is created when you enable the Prepaid Expenses feature in Feature Console. You can create additional prepaid expense schedules definitions if required Each must have a unique name and an unique journal interval value.
To create a prepaid expense schedule definition:
- Click the Prepaid Expense Schedule Definition tab.
- Click New. The Prepaid Expense Schedule Definition dialog displays.
- Enter the name.
- Enter the journal interval in months.
- Click Save. You can also click Save & New to save the current record and then immediately create another.