Record A Journal Entry In QuickBooks - accountsbasics
quickbooks journal entry As you can plainly see, for the month of January, this journal entry just took $100 (1/12 regarding the total payment) through the prepaid insurance asset account and moved it to your actual insurance expense account�meaning it had been moved from the Balance Sheet to your Profit and Loss. You would perform this journal entry every month and may automate the procedure by simply making it �recurring.�
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