Bills - Deferred expenses/amortization of bills spread out over time
To see deferring expenses of bills that’s spread out over time.
Purpose: To save time posting manual reversal journals and users’ can get the ‘economic value’ figure easily.
AdminXero Team
(Admin, Xero)
shared this idea
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Nicky von Ah
commented
Yes, we have bills that the payment is deferred for a few months, then we pay it in instalments. Being able to enter this information is just as important as a normal bill due the following month.
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Kaye York
commented
It is essential for us to be able to spread the cost of an annual bill thoughout the year.
We receive many invoices annually / quarterly and this would save a lot of time. -
Damian Clark
commented
This app is working towards being a cost-effective solution for amortization type adjs like prepaymetns and deferred revenue (and also forecasts from the repeating invoices schedules, and more)
Looking for testers
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Chorus Executive Finance
commented
If we could enter a bill into contacts and be able to spread this bill over various months so that the expense was allocated to the applicable time periods the bill relates to, this would save a lot of time and effort in creating manual journals to spread costs.