Prepaid expenses

1

Hi all

i am wanting to enquire about the “prepaid expenses” option in the programme.

For example my office rent is 120,000 a year and the monthly cost is 10,000.

How can i record this into the manager software accounts?

I look forward to receiving all your help and support fellow accountants.

Thanks.

2

Are you prepaying the whole 120,000 or are you only paying 10,000 each month ?

If you are only paying each month, then import your bank statement and create a Bank Rule which will then automate the transaction allocation.

3

Hi Brucanna

Thanks for your reply

Yes i am paying the whole 120k for yearly rent

thanks

4

Hi Brucanna

i found the solution through Journal entries

Thanks for your support

best regards for all