On the off chance that you pay a yearly charge for an administration that is given the month to month, (for example, protection, security administrations, specialized help contracts, and so on.), you (or your manager) may need you to track the cost on a month to month premise.
In this situation, when you compose the single check for the yearly charge to the merchant, present it on the ‘Prepaid Expenses’ advantage account, not to a cost account. You at that point post the cost by making a diary section every month like the one seen on the following diary passage—which is the month to month cost for a yearly premium of $1,200. The diary section diminishes the ‘Prepaid Expenses’ benefit record and builds the cost account. Visit QuickBooks Support Phone Number for any queries and issues or call our toll-free number +1888-396-0208.