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Accounting & BookkeepingAccounting & Financial Management3MediumAccountant$ implied

Manual amortization schedule in Excel and monthly manual journal entries for prepaid expenses is inefficient and error-prone.

Oracle R12 lacks built-in automated multi-period amortization for prepaid expenses, requiring manual Excel tracking and manual journal entries.

Severity

3Medium

Willingness to Pay

implied

Added

Jun 10, 2026

Workarounds Described

maintains manual amortization schedule in excel
posts monthly amortization entries manually (Expenses dr, Prepaid exp Cr)

Implied Software Gaps

Automated amortization schedule generation based on invoice date range
Automated posting of recurring amortization entries

App Concept

AutoAmortize

A plugin for Oracle R12 that automates prepaid expense amortization. When entering an invoice, simply set start and end dates, and AutoAmortize generates monthly amortization entries automatically during each close, eliminating manual Excel schedules and entry posting.

Key Features

Define amortization rules per invoice (start date, end date, GL accounts)
Auto-generated monthly amortization journal entries during close
Dashboard to review and approve scheduled amortizations
Seamless integration with Oracle R12 GL module
Full audit trail and reversal capabilities

Target Users: Accountants and financial controllers in mid-to-large enterprises using Oracle R12 who manage prepaid expenses

Revenue Model: $2,500 annual license per Oracle instance, plus optional $500/annual support

Existing Solutions Mentioned

Oracle R12Excel

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