A prepaid invoice or liability is a payment usually paid in one lump sum, but expensed in several periods. The Prepaid Report prints all the prepaid invoices entered into your system, including those not yet transferred to the corresponding expense account.

The Prepaid Report is sorted by vendor number, vendor name, invoice date, or expense date. For each invoice, it prints vendor number and name, invoice number, invoice or transaction date, due date, transaction type, discount allowed, stock description, GL expense account, expense date, quantity, cost per unit, extension of cost, amount left remaining to pay, and any Additional Filter you chose to use (see Using the User-Defined Fields After Setup).

To print this report, select Reporting > Prepaid Report from the left navigation pane and enter the criteria for the report in the AP Prepaid Report window and select OK.