Setting an Amortization Template on a Vendor Bill Line Item
When you enter a vendor bill, you can select amortization templates for items. You can modify the default template set in the item record or select a template when no default is available.
You cannot select an amortization template for a vendor bill line derived from purchase order line with an accrual. The amortization settings are disabled for these lines on the vendor bill.
To associate an amortization template with an item on a vendor bill:
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Go to Transactions > Payables > Enter Bills.
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Under Primary Information, select values for the fields as needed.
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On the Items subtab, select an item.
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In the Amort. Schedule column, select the appropriate template from the dropdown list.
A deferral account must be specified on either the template or the item record. See Specifying Deferral Accounts for Amortization.
If you select a variable template, you must also select the associated project in the Customer column dropdown list.
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Enter an amortization start and end date, if needed.
You must create accounting periods for the range of time your amortization schedules will cover, or an error will occur when you save the transaction. See Accounting Period Management.
You also will encounter an error if the start or end date is before the posting period selected for the transaction.
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Enter the residual amount not to be recognized if needed.
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Enter additional information as needed for this line item.
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Click Add.
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Repeat the steps on the Items subtab for additional items as needed.
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Click Save.
The item on the bill associated with an amortization template posts to a deferred expense account instead of a regular expense account.
You can customize a transaction form to use a specific template for all items on the transaction. To do so, click Customize on the form.