Hi there ... I followed your all guidelines but system is only a single aspect of the transaction that it is debiting the account of current asset (Prepaid Medical Insurance) whereas it totally ignores the amortization side. I created the item by enabling the deferred expenses area, I defined the the measure of units as Month (also tried year), selected automatic amortization, created the invoice by defining / inserting the desired information like starting and ending period for the service, by putting the current asset and amortization expense account save and submitted the invoice BUT system did not calculate Amortized Amount. Perhaps I am overlooking some FINE POINT/S... Can you please guide me? I have to close our books of accounts as of 31/12/2023 ... Can you pls share your step by step guidelines... Best regards.
