Creating/Editing Journal Templates - Accounting for Pre-payments
View - Accounting - Journal
Templates 
In some cases an invoice can be pre-paid over several months even if the invoice needs to be paid in full. This could, for example, apply to quarterly rental payments.
The settings for prepayments of a journal template will only be available if you select Accounting for prepayments in the beginning of the wizard.
Once this is done, two journals will be generated in the last step of the wizard: The original journal and in addition a separate journal for prepayments which is repeated a certain number of times with one period interval. This you define in the Number of reptitions field.
You can define how long after an active period the repetitions are to start.
Examples for Accrual accounting:
| Description | Start period | No. of repetitions |
|---|---|---|
|
Original journal: |
Active period |
1 |
|
Accrual accounting |
Active period |
3 |
generates the following four journals:
| Journal no. | Period | Accrual Accounting (Description) |
|---|---|---|
| 1 | 1 |
Original journal: |
| 2 | 1 | 1. accrual accounting |
| 3 | 2 | 2. accrual accounting |
| 4 | 3 |
3. accrual accounting |
In other words the journal template creates the same number of journals as the total No. of repetitions for all the lines in this window.
Steps in the wizard:
- Creating/Editing Journal Templates
- Creating/Editing Journal Templates - Defining Input Values
- Creating/Editing Journal Templates - Creating Journal Lines
- Accounting for Pre payments (Optional) << You are here