Prepaid Expense Amortisation Overview for Sage Intacct

In Sage Intacct, prepaid expense amortisation refers to the process of gradually recognising the expense of a prepaid item over time. Prepaid expenses are initially recorded as assets when paid, and then as time passes, the expense is recognised on the income statement in the appropriate periods.

Find out more about prepaid expense amortisation in Sage Intacct by watching this short demonstration video.

Key Points

• Sage Intacct automates the amortisation process through the use of recurring journal entries based on the defined schedule.
• You can configure the amortization to recognise expenses either monthly, quarterly, or on a custom schedule.
• The system tracks both the prepaid balance and the expense recognition, ensuring accurate financial reporting.