Dear community,
I have a quick question on the amortisation/prepayment process in IFS.
Take this scenario, we pay a supplier for something in period 1 for $1,00,000 and then we wanted a recurring journal to amortise the costs over 5 years, we have been told that this requires the accounting periods to be open or something similar to be able to do this?
Does anyone know how you might set up recurring journals or similar, or can you point me in the right direction of any documentation that might help?
Thanks,
David