Making Prepaid Schedule Adjustments

We’re excited to announce a new Rillet feature: prepaid adjustments. This feature allows you to quickly add prepayments to journal entries and can help you keep better track of payments made by your customers. To set up prepaid adjustments, read the steps below.

First, go to the Bills page by clicking on the receipt icon in your left navigation bar. Then, click Bills.

Next, navigate to one of the bills you have already created. Make sure the bill you select has a prepaid schedule service period.

To edit the prepaid schedule, click on the three dots in the upper right corner. Then, select Adjust Prepaid Schedule from the dropdown menu.

You’ll now see the prepaid schedule per line item on your bill. Line items within a current schedule will be grayed out if they are in a closed period. If you need to edit these line items, you’ll need to unlock the time periods they fall under.

You can edit any of the line items that are not grayed out by filling out your desired information in the date and/or amount fields.

You can also delete line items if you so choose by clicking on the trash can icon.

To save your changes, click the Confirm button in the bottom right corner.

To see how your updates impact the corresponding GL account, click on the three dots again and then click GL Impact from the dropdown menu.

Here, you’ll see that the journal entries are updated your schedule adjustments.