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How to: Set Up a Future Expense Card

To account for future period expenses you have to set up a future expense card.

To set up a future expense card

  1. In the Search box, enter Future Expenses, and then choose the related link.

  2. On the General FastTab, fill in the fields as described in the following table.

    Field Description

    No. Series

    Specifies the number that is associated with the future expense.

    Description

    Specifies the description of the future expense.

    Description 2

    Specifies an additional description of the future expense.

    Tax Difference Code

    Specifies the tax difference code that is associated with the future expense.

    Unrealized VAT Amount

    Specifies the unrealized VAT amount that is associated with the future expense.

    Search Description

    Specifies the search description for the future expense.

    Inactive

    Specifies if the future expense is inactive.

    Blocked

    Specifies if the future expense is blocked.

    Last Date Modified

    Specifies the date the future expense was last modified.

    Tax Amount

    Specifies the tax amount that is associated with the future expense.

  3. In the Depreciation Method field, select Straight-Line.

  4. Choose the OK button.

See Also

Tasks

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

Concepts

Future Expenses (Deferrals)