Eagl spots the anomaly, explains why, and suggests the fix.
Premium Dec'25 not amortized
Premium Dec'25 not amortized
Bachman Insurance limited · 614200 - Insurance
81,995.83
EUR
Booked in: December 2025
Policy period: December 2025 – November 2026
Full €89,450 annual premium booked to December 2025. Policy covers 12 months — only €7,454.17 belongs to Dec; €81,995.83 should sit as deferred expense and amortize monthly.
Suggested action
Amortize premium over service term
Related journal entry
Accruals · 23 active schedules
synced just now
Managed IT services · monthly accrual
Last entry · Feb 28, 2026
P&L
614100 IT services
End. balance €0.00
ACC
4,100
ACC
3,950
ACC
4,050
ACC
4,150
ACC
4,000
REV
(4,050)
Balance sheet
444000 Accrued liabilities
End. balance €0.00
ACC
(4,100)
ACC
(3,950)
ACC
(4,050)
ACC
(4,150)
ACC
(4,000)
REV
4,050
Bank reconciliation · Feb 2026 · 4 accounts
synced just now
0 / 1,310
~1,300 / sectransactions matched in 0.0s
€0
reconciled
Bank statement
Match
Journal entry
GLOBEX INDUSTRIES — 4 WIRES
Feb 05–27
€214,830.00
€214,830.00
6 journal entries
Globex Industries · AR
WIRE IN — ACME CORP (USD)
Feb 12
$52,000.00
€47,840.00
JE-2026-1162
Acme Corp · FX 0.9200
SEPA BATCH — 14 DIRECT DEBITS
Feb 19
€38,920.00
€38,920.00
14 journal entries
Mixed counterparties
DD — BACHMAN INSURANCE
Feb 26
€7,454.17
€7,454.17
JE-2026-1190
Bachman Insurance
WIRE IN — UNREFERENCED
Feb 24
€6,562.50
1,288 auto-matched · 18 matching · 4 flagged for review — incl. split, multi-currency & batch payments
Globex Industries
4 : 6 match4 bank transactions matched to 6 journal entries
€214,830.00
net · balanced
Bank · 4 payments
Journal entries · 6
JE-2026-1184
Incoming payment
JE-2026-1185
Incoming payment
JE-2026-1186
Incoming payment
JE-2026-1187
Incoming payment
JE-2026-1188
Incoming payment
JE-2026-1189
Incoming payment
4 incoming bank transactions from Globex Industries are matched to 6 journal entries — netting exactly to €214,830.00. JE-2026-1187 posts €1,200 less: reconciled to an agreed early-payment discount in Globex's terms. No exceptions.