Prepayment schedules for month-end. Import your prepaid bills, and Runoff works out what to release, writes the journal for your accounting system and ties the balance to your ledger, with an audit-ready working paper at the end.
| Bill | Opening | Released | Closing |
|---|---|---|---|
| Insurance 3/12 | 4,000.00 | (400.00) | 3,600.00 |
| Software 6/12 | 7,000.00 | (1,000.00) | 6,000.00 |
| Rates 6/12 | 3,850.00 | (550.00) | 3,300.00 |
| Ledger 12,900.00 | ✓ agrees |
A fictional design agency mid-way through its year: opening balances, new bills, one held until an event, one released unevenly. Change anything and watch the schedule, journal and reconciliation update.
Three short steps: company details, your account codes (optional), and your opening prepayments tied to the trial balance. Everything stays in this browser.
Only what's needed for your first journal. You can change these later in Settings.
Add the expense codes you post prepayments to. They appear as suggestions on each bill, so codes match your ledger. Paste from a chart-of-accounts export: one account per line, code then name.
List the prepayments already on your balance sheet at . For each, enter the original invoice if you have it, or just the remaining balance and months left. Then enter your trial balance figure so Runoff can check they agree.
| Type | Supplier | Invoice no. | Description | Amount | Dates / months left | Expense account |
|---|
Columns are matched by name. Service start and end are optional; Runoff reads the period from the description when they're missing.
Each bill is assumed to be posted in full to prepayments when invoiced. Leave the service dates blank and Runoff reads them from the description. Red rows are left out of the schedule until fixed.
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