Processing Prepaid Expenses and Future Liabilities

AccountsPayableGuide > Accounts Payable > Accounts Payable Period End and Maintenance > Accounts Payable Period End > Processing Prepaid Expenses and Future Liabilities

You can use the AP Process Prepaids/Future Liabilities window to expense a prepaid expense or future liability to General Ledger.

This utility selects all prepaid expenses and future liabilities that have reached their expense date, and transfers the expense from the holding account to the expense account.

To process prepaid expenses and/or future liabilities:

1 In Accounts Payable, select Period End Tasks > Process Prepaids & Future Liabilities from the left navigation pane. The AP Process Prepaid/Future Liabilities window will open.

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2 Specify the types of transactions and AP Codes to process.

3 Select OK to proceed.