It is possible to process provisional entries, deferred expenses in Easy1 in combination with Twinfield.
This ensures that an invoice is automatically divided into whole months over the specified period. The fields 'start date' and 'end date' are added to the booking line.
For each invoice, you specify an interim account where the deferred expenses are temporarily booked. Twinfield then automatically debits the costs from the interim account each period and posts them to the correct expense account.
Interested? Please sign up via this form, and we will contact you as soon as possible to set this up.
Scenario:
You fill in the date fields as:
Start date: June 15, 2024
End date: December 20, 2024
Twinfield spreads the costs from this start and end date over the periods 06 to 12, dividing the amount into 7 equal parts. Twinfield does not consider the day of the month (15th or 20th), but only the month and year.