can i create amortization schedules to allocate expenses based on the number of units sold in a separate GL account. this is a service industry so costs are not allocated by inventory sales.

AI generated answer (using internal Slack threads):

Based on the conversations, it appears that you can create an amortization schedule for expenses in NetSuite. However, this process may not be directly tied to the number of units sold in a separate GL account. Each expense account you want to use for amortization needs to be set up with the prepaid account at the COA Account setting. You can have just one account, you do not need to have multiple accounts, again, from the config perspective. But then your amortizing expenses are on the same expense account. If this is not the case multiple asset accounts are required. For recognizing revenue over a period (like 12 months for a subscription), it can be done by journal entries. However, if you need to be fully IFRS compliant then a bundle might be necessary. Auditors like to see reclassified revenue as well which bundle does it but not amortization. Please note that these methods may require manual intervention and may not be fully automated. In the past, some users have attempted to automate this process via script, but found it to be error-prone. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******