AccountingMedium

Prepaid Expense Amortization for QuickBooks

Pick prepaid bills from QuickBooks, set term and method, generate the schedule, post monthly journal entries on close day, and show the schedule-to-ledger tie-out per account.

Target market
Bookkeepers, fractional controllers and small finance teams on QuickBooks Online.

Problem snapshot

What this solves

Bookkeepers track prepaid insurance, software and rent in a side spreadsheet, post monthly amortization entries by hand and spend close time tying the schedule to the balance sheet.

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