Prepaid Expense Amortisation Classes in Sage Intacct

In Sage Intacct, Prepaid Expense Amortisation Classes are a way to define the rules and structure for how prepaid expenses are amortised over time. These classes help automate and standardise the process of expense recognition for different types of prepaid items. By defining an Amortisation Class, you can control factors like the amortisation period, frequency, and accounting treatment for prepaid expenses.

This video takes you through prepaid expense amortisation classes in Sage Intacct.

Benefits of Using Amortisation Classes:

• Consistency: By using amortisation classes, you ensure that all prepaid expenses of a similar type are handled in the same manner.
• Automation: Sage Intacct will automatically create journal entries based on the amortisation class settings, reducing the need for manual entries.
• Efficiency: Predefined classes simplify the setup process when you add new prepaid expenses, reducing the time spent configuring each transaction.