Free Prepaid Expense Amortization Template
Prepaid software, insurance, and annual contracts get booked wrong more often than not. Paid in one month, expensed as a lump sum, and the P&L looks artificially bad that month and artificially good every month after.
This Excel template builds the amortization schedule and the monthly journal entry for you. It's the same template we use on our own client engagements, cleaned up so you can drop in your own numbers.