When to amortize POs

AI generated answer (using internal Slack threads):

Purchase Orders (POs) should be amortized when they represent a significant expense that is expected to provide benefits over a period of time. This is often the case with large pieces of machinery or expensive components that have an indefinite service life. The amortization period can vary based on a lot of factors and it's usually determined in consultation with audit/tax professionals. In NetSuite, you can run amortization schedules for a partial month. The amortization is run by period, so if your period is for 15 days, it will be 15 days of amortization in that period. The next period will also be for the same number of days. As for forecasting POs, one approach is to create a custom record that records the amount and the date when it will get paid. This record can be tied to the PO when it gets created. This allows you to set a schedule for the expense by period for accruals and forecasting. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******