"You are attempting to create an amortization or revenue recognition schedule outside the range of available accounting periods" error when creating a Bill with Amortization

This error usually occurs if the Amortization template used does not properly cover the Start and End Date set on the Bill.

 

Sample scenario:

1. Lists > Accounting > Amortization Templates > New.

2. Method = use any

3. Period Offset = enter a value

4. Start Offset = zero

 

Then, use the above template on a vendor bill:

1. Transactions > Payables > Enter Bills.

2. Select the item and assign the template on the Amortization Schedule field.
3. Enter Amort Start and Amort End dates.

4. Save the bill

5. Resulted to an error : "You are attempting to create an amortization or revenue recognition schedule outside the range of available accounting periods"

 

Note: To resolve, make sure that the Period Offset on the Template agrees with the Start and End Date range selected on the Bill.  The Start and End Date should have a date range higher than the Period Offset value.