First, you'll need to set a default prepaid account on the GL level.
Select Manage
Click the General Ledger tab
Click the Prepaid tab
Select the default account for prepaid amortizations schedules to be created from
Hit Save
Note: If you have multiple integrations you'll need to set a default account for each one
To create an amortization schedule:
Select invoice you want to amortize
Map accounting treatment for the vendor and hit Save
Select Amortization + to begin
Review the extracted fields below:
Start & End Date (extracted from invoice)
Prepaid Account (default set on GL level)
Debit Account (account sent at vendor level)
Class & Location (vendor defaults)
Select Generate Schedule
3. Review the schedule
4. See below example and if there are no changes select Schedule
5. On the dated noted Glean will automatically post the JE's to your ledger
To edit or delete an amortization schedule:
Select Edit in the top right corner
Note: that once the amortization is set, we will create journal entries on the last day of the month corresponding to the amounts input into the schedule.