Prepayments workpaper (PPM)

The Prepayments (PPM) workpaper reconciles the balance of prepaid expenses at year end, showing the movement during the year and the closing balance.

Data extraction

●        Account Code is picked from the General Ledger for account codes with an account type of Current Assets and an account name containing "Prepayment."

●        Description is the account name from the General Ledger with "- As per General Ledger" appended.

●        Amount is the closing balance of the account code from the General Ledger.

●        Supporting attaches the account code ledger detail, or any document categorised as a Prepayment. Where a document is categorised, it is attached purely as supporting, it does not drive extraction directly.

Prepayment Calculator

Note: This is a standalone calculator section, accessed through a toggle button, used to work out a prepayment amount by hand. It has no automated data extraction of its own and does not feed the main workpaper figures automatically, treat it as a side working, not part of the reconciliation.

Manual journals

Any journal posted to a prepayment account appears in the workpaper as a new line item.

Balance per GL

Sum of account codes mapped to Prepayments in CoA Mapping.

How to access

●        Go to Jobs and open the relevant job.

●        Click the Workpapers icon or navigate to Job Results then Workpapers.

●        Select PPM on the Workpapers Dashboard.