Prerequisites

Before you complete the tasks in this section:

• Activate prepayments processing in the processing options for the Prepayment Voucher Entry program (P0411).

  To activate prepayment processing, enter a GL offset account on the Prepayments tab. You cannot use the Payment With Voucher Match program (P0413M) to enter prepayment vouchers.

• Activate the Tax Area processing option on the Prepayments tab of the Prepayment Voucher Entry program if you want the prepayment tax form to appear when you enter a prepayment voucher.

• Set up the AAI item PCyyyy to assign a default prepaid expense account.

  The GL offset item that you entered on the Prepayments tab of the processing options for the Standard Voucher Entry program is the AAI item PCyyyy that is used to create prepayment entries.