Windward Software Wiki

How to record an expense that applies to the entire year. Example Insurance

An expense that is paid lump sum but applies to a period such as an entire year can be recorded as a prepaid expense and then amortized over many months.

Note: this article is also publicly available at http://wiki.wws5.com/share/Prepaid_Exp_amortize0808131327.html

prepaid_exp_amortize0808131327.flv

Created by Charlene Scott at 13/08/2008 1:27:32 PM