NetSuite - Amortization

Amortization in NetSuite 

There are cases where the total cost of a vendor bill is for multiple months or for a future date.  For example, an annual license license that's for a 12-month period, or supplies purchased for a resident party next spring.  In these scenarios, and amortization schedule will be selected.

This amortization schedule will be automatically generated when the vendor bill class property is set to Community or Corporate.

When coding your bill, select Standard Prepaid Template from the dropdown and select the Amortization start and end dates. The system will automatically break the payment down into equal amounts across that time period.