In this Sage Intacct Accelerator: Prepaid Expense Amortization Datasheet, you will learn that Streamline your close process with automated amortizations and say goodbye to tedious spreadsheet-based processes for tracking and calculating amortization expenses.

Increase accuracy and save time by recognizing pre-paid assets directly from AP bills. Shorten your close time by automatically posting journal entries for expense amortization and ensure proper period cutoff by accounting for expenses in the correct periods.

Sage Intacct Accelerator is a feature designed to simplify and streamline the process of managing prepaid expenses and their associated amortization in the Sage Intacct financial and accounting software. Prepaid expenses involve making payments for future services or goods, and their costs are gradually recognized over time through amortization. The Accelerator module within Sage Intacct automates these processes, allowing businesses to efficiently record prepaid expenses, automate the allocation of expenses over their relevant periods, and generate accurate financial reports.

This feature enhances financial accuracy, saves time, and ensures compliance with accounting standards, benefiting businesses by providing a comprehensive solution for prepaid expense management and amortization.