The Adjusting Process
Pay rent expense today for six months in advance and let Al-Ameen allocate this expense and generate automatically each month. You can do this for your unearned revenues or any other kind of accounts either.
- Set the amount you which to amortize, number of instalments, and let Al-Ameen generate the needed monthly adjustment entries for you.
- Use the automatic audit tool to Make sure that no entry has been deleted or has never been generated previously.
- Posting the accounts to the next physical year will take on consideration the instalments that need to be generated in the current year and distinguish them from those who must be posted to next year.