D365 Finance & Operations and Dynamics AX Forum

Allocation pre-paid invoices or POs

  • 1.  Allocation pre-paid invoices or POs

    Posted 12 days ago
    Hello,

    We are on Dynamics 365 and wondering what functionality would be best for allocating prepaid expenses, more specifically in 2 scenarios:

    1.  We receive an invoice on January 1, 2020 for $120,000 for services that will be rendered between January 1 2020-December 31 2020.  The $120,000 needs to be allocated to a prepaid GL account on January 1, 2020 and then each month, $10,000 gets allocated to a specific expense account.

    2. We create a PO on  December 15, 2019 for $120,000 for software licenses that will be used January 1 2020-December 31 2020.  Once the licenses are received on December 20, 2019, the PO receipt is completed.  The $120,000 needs to be allocated to a prepaid GL account on December 20, 2019 and then each month starting in January 2020, $10,000 gets allocated to a specific expense account.

    Thank you
    Ilana

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    Ilana Azancot
    PSP Investments
    Montreal QC
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