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New to BC - newbie question
I am setting up deferred expenses. I have figured out that the Deferral Account on the template is the expense account to use for the deferral (What a poorly named field but that is a different post).
I have figured out that you put a deferral template onto the GL account that you want to use when posting the deferral initially.
Now my inference that I want to check;
You can only have one expense account / prepaid balance sheet account per template, which means if I want to have deferred meals, deferred travel, deferred etc, I need to set up a new template and new balance sheet asset account for each and every one. This seems odd. Am I missing something really obvious?
I would also ask about the number of periods on the template and ask if I need to have permutations of templates for each number of periods but I did see on a transaction that I can override the number of periods.
That discovery adds to my it is odd statement. If you can override the number of periods being deferred how can you not override the expense account and only need one template? Am I missing something obvious? Do I really need a template / balance sheet for every single expense I want to defer?
thanks!
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