Recording Prepaid Expenses On A Monthly Basis
“Quicklet” - A Podcast for QuickBooks Pro, Premier, Enterprise Solutions & Point of Sale users featuring helpful information, tips, tricks and suggestions for bookkeepers, business owners, and consultants. Got a QuickBooks Mess? Ask The QuickBooks Gal! Hi, I'm Jayne Miller, The QuickBooks Gal. Welcome to another in our series of “Quicklets” – informational podcasts about QuickBooks and related bookkeeping topics. I hope everyone had a great Holiday Season. It's great to be back for another wonderful year of Quicklets podcasts about bookkeeping & QuickBooks issues. Thanks again for joining me and for sticking with me for the last year +. I look forward to a great New Year! Today I want to give you an example of how you will expense Prepaid Expenses when you pay for something such as a 1-year insurance policy in January and you want to spread the expense throughout the year on a monthly basis. Recording Expenses in a Prepaid Account You purchase an annual insurance po...