Hi.
So the brief story is this:
Our company purchased a service that has a validation for 1 year, from DEC 10 2021 to DEC 10 2022 (as shown in the picture below). And I want to record the amount into “Paid in Advance” account, then amortize it monthly.
The problem is, I couldn’t find anywhere to set it. I tried to set it by creating a new “Non-stock Item” or a new “Posting Class” (shown below), but I’m not sure where to key in the “Paid in Advance” account. Could anyone please tell me how to do it, or if I’m using the wrong form here? Many thanks.
Best regards,
Shuang.