How to: Create and Post a Purchase Invoice on a Future Expense

To account for future period expenses, you have to create and post purchase invoices on the future expense. Be sure you have set up a future expense card before you create a purchase invoice. For more information, see How to: Set Up a Future Expense Card.

To create and post a purchase invoice on a future expense

1. In the Search box, enter Purchase Invoices, and then choose the related link.

2. Create a purchase invoice.

3. In the Type field, select Fixed Asset.

4. In the Document No. field, enter the number of the future expense that was created.

5. Post the purchase invoice.

See Also

Tasks

How to: Set Up a Future Expense Card
How to: Create Future Expense Journals
How to: Set Up Future Expenses in a Depreciation Book

Concepts

Future Expenses (Deferrals)